South American Crops Grab Attention of Grain Traders

February 8, 2018 02:52 PM
 
 

While Midwest fields are under a blanket of snow and cold, South American crops are trying to reach their full yield potential. Grain traders are keeping their attention on Brazil and Argentina as the U.S. Department of Agriculture boosts its forecast for the Brazilian bean and corn crops, but lowers the projections in Argentina.

Meanwhile, USDA lowered its estimate for the 2017-18 U.S. corn ending stocks based on higher demand, but increased soybean and wheat stocks.  Pro Farmer Newsletter Editor Brian Grete shares his perspective of the government report.

 

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Comments

 
Spell Check

Another MNfarmer
Annandale, MN
2/8/2018 08:18 PM
 

  How can the wheat stocks be up? There wasn’t a crop to start with. Or that’s what they were reporting mid summer. More games by the USDA, speculators, and our media.

 
 
Bill Griffith
Boyle, MS
2/9/2018 06:52 AM
 

  I am a farmer and owner. I farm rice soybeans and corn.

 
 
MNFarmer
Warren, MN
2/8/2018 05:56 PM
 

  Pretty sure they left Brazil corn unchanged, not increase. Useless information from a useless company, ProFarmer

 
 

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