The weather the next few months will determine what kind of crop yield occurs in South America.
Producers must be patient – price-bottoms typically last months, while tops last minutes.
Temps are about normal for all of South America for the entire 14-day forecast.
We can thank God for nearly perfect weather – from August forward – for our plentiful harvest!
The harvest has fallen behind for many fall U.S. crops since crop development fell behind normal.
The U.S. dollar has had a recent resurgence higher, and that is hurting grain prices.
Right now, the soybean market is trading overprices, with a large carryout estimate, analyst says.
Weather, USDA data to drive the farm markets going forward, analyst says.
This year’s crop-season is producing average crops, analyst says.
It’s worth watching the weather patterns for the months of September and October.