Now that this year’s harvest is in the books, it appears all eyes are on South America. After last year’s second crop failure, Brazil is anticipating a big corn crop.
As of now, there hasn’t been any real weather issues, according to Brian Roach of Roach Ag Marketing. He told AgDay host Clinton Griffiths there’s dryness in half of the Argentinian corn crop, which could turn bullish.
“At the end of the day, either Argentina or Brazil, both of them have a long growing season,” said Roach. “The rallies in these markets with a big demand require big crops.”
Watch Roach discuss South America on AgDay above.