With the major January crop reports out of the way, AgriVisor market analyst Dale Durchholz says the trade will now focus on South American crop development.
Durchholz says much of the attention will be on the planting and development of safrinha corn in Brazil. That’s Brazil’s double-crop of corn that follows soybeans, normally planted in late January or early February.
“There’s one thing to keep an eye on. We’re starting to see, in central and northern Brazil, talk about maybe starting to move into a bit drier pattern at the end of January,” Durchholz says.
Continue reading Trade turns attention to South American crop development at Brownfield Ag News.
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