Home / News / Crops news / Markets eye South American weather

Markets eye South American weather

12/12/2011 @ 3:48pm

With the U.S. farm ground freezing, marketwatchers turn their attention to South America's critical crop-weather this week. 

Craig Solberg, Freese-Notis meteorologist, is noticing a dry weather pattern setting in around southern Brazil and Argentina.

Meanwhile, Palouser, a Marketing Talk member is keeping one eye on South American weather. "My understanding is dryness in Brazil is consistent with the Pacific Oscillation cycle that is also bringing rain to Australia and was responsible in a big way for N American weather this last year."

As of this week, parts of Brazil's corn crop is threatened, according to the Dow Jones Newswire.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybeans To Extend Gains Thursday By: 07/24/2014 @ 7:10am On Thursday, the CME Group's corn, soybean and wheat markets are expected to start…

Soybeans Close 18¢ Higher By: 07/23/2014 @ 8:38am DES MOINES, Iowa (Agriculture.com)--The CME Group soybean market finished stronger, leading the way…

Soybean Prices to Tick Higher Wednesday By: 07/23/2014 @ 7:41am On Wednesday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Soybeans Rally on Demand, Weather