The key market factor remains the weather in Brazil and Argentina. Argentina is in good shape and the amount of crop areas impacted by dry conditions moved from 20-25% of the production area to 15-20% last week. The dry areas are forecast to get rain later this week.
Get our daily in-depth analysis delivered directly to your inbox by 5:30 AM CST each morning, along with other services created specifically for farmers, when you become a Kluis Commodity Advisors client. Try our Kluis Commodity Advisors 30-day free trial to test it out.