A market analyst says dry weather in Brazil helped pushed soybeans higher Tuesday.
Al Kluis with Kluis Commodity Advisors tells Brownfield conditions are variable across the South American country.
“There’s about a third (of Brazil) that really looks good, a third that is somewhat challenged, and a third that’s in pretty tough shape. Brazil is a huge country, they grow soybeans for a long distance from north to south. But overall, the pattern continues to look pretty good (for) central and northern Brazil.”
But he says southern Brazil into Argentina remains very dry.