RIO DE JANEIRO, BRAZIL - Dry weather across some of the major producing regions in South America is putting upward pressure on corn and soybean prices at the start the new year. Dryness is expected to continue through the short term across southern Brazil and especially in the main-producing states in Argentina.
”We may see some recovery in rainfall in Brazil as we head into late January and February, however, this would be ill-timed moisture as harvest activities begin and the second corn crop (Safrinha) planting gets underway”, according to Weathertrends 360.
For the seven days ending January 10 . . .