Brazil
The end of the South American monsoon has come earlier than average this year due to La Niña. The drier finish on the Safrinha crops will limit their yield potential.
Volatility is here to stay in the grain markets — but so could higher prices.
AgResource Company released the latest soybean crop production estimate for Brazil, showing a crop size of 119.5 MMT. A recent crop tour shows the weather took a major toll on the crop in the Southern portion.