Wet weather in South America could put a damper on U.S. corn and soybean prices.
Dr. Michael Cordonnier with Soybean and Corn Advisor in Chicago says as Brazil continues to receive beneficial rains, Argentina is forecast to gain welcome moisture in the coming days.
“It’s probably going to be another record soybean crop from Brazil. And this is really important, the soybeans are planted on time, so they’re going to be harvested on time.