U.S. farmers have been keeping a close eye on the dry weather in Argentina during the first half of December. While this time of year should be a weather market, Elaine Kub, author of Mastering the Grain Markets, says government stability needs to be watched in South America.
“Brazilian currency have a lot of volatility lately and that day to day drives the direction of the soybean markets that we’ve been seeing,” she told AgDay anchor Clinton Griffiths.
She said this volatility is why soybeans have decreased in price.
Watch what Kub has to say about the soy oil markets and a La Nina on AgDay above.