Weather Challenges South American Soybeans
Brazil is seeing dry spots; Argentina is facing massive rainfalls
All eyes are on South American soybeans as U.S. traders and farmers alike wait to see how many soybeans farmers in Brazil and Argentina will add to the world balance sheet, reports AgWeb.
Soybeans there have reached a critical point in the growing season, but Mother Nature is throwing farmers a curve ball.
Ed Vallee, meteorologist and owner of Vallee Weather Consulting, says Brazil is starting to see dry spots in key growing areas and Argentina is facing massive amounts of rainfall.