The most recent report from Dr. Michael Cordonnier shows crop projections moving lower in South America. He dropped the size of the Argentine corn and soybean crops by 1 million metric tons, and dropped the size of the Brazilian soybean crop by 2 MMT. For all of South America, the total corn crop is now 5 million metric tons (200 million bushels) less than last year and the total soybean crop is just 10 million bushels higher than last year and trending lower.
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.