National Ag News
Traders eyeing South American planting delays
Nov 1, 2017, 12:10 PM
by
System
A grain marketer says planting delays in South American could provide price support for farmers.
Angie Setzer with Michigan-based Citizens Elevator tells Brownfield Brazil’s second crop soybean plantings are trailing last year by about 10 percent, but still on pace with their five year average.
“Last year’s early planting pace allowed for the Brazilian soybeans to enter into the global marketplace a lot earlier than what we would typically see and it also opened the door for what was record second crop corn production.”
She says the slower planting pace has some traders anticipating Brazilian production losses in soybeans as well as second crop corn.
Continue reading Traders eyeing South American planting delays at Brownfield Ag News.
