El Nino & South American Corn Production

Dryness in Central Brazil during December is giving the market pause. December is typically a month that Brazil builds soil moisture reserves during critical soy growing stages. Crops now require normal temps and above normal rainfall in January & early February. However, historically it’s been tough for drought to establish across the tropical latitudes of…

Evening Weather Update

Brazilian Forecast Wetter Next Week; Argentine Rain Exceeds Expectations: Another 1.25-3.50” of rain fell across North/Northeast Argentina in the last 24 hours. This brings Dec 1-18 accumulation there to 6-11”, 300% of normal. Heavy rain will push northeast in the next 24 hours. A needed period of dryness is offered to Argentina Dec 22-Jan 2.…