South America

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.

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