Brazil’s equivalent of the USDA has lowered outlooks for this year’s corn and soybean crops due to hot, dry weather in southern growing areas, which could open up export opportunities for U.S. producers.
Central Nebraska farmer Clay Govier tells Brownfield he’s watching South America closely as harvest gets underway to see how production could impact demand, “They’ve been kind of dry in places, but I think the best growing places in Brazil, for example, they’re still looking at a record yield, so, you know, we’re going to have some pressure there.
