CONAB released their latest production estimates on Tuesday. Standard Grain President Joe Vaclavik says the increase in those numbers were widely expected. “Big crops are coming out of Brazil, but that’s not fresh news. We’ve known that for a few weeks.” The numbers were slightly less than what the trade was expecting, but Vaclavik expects those numbers to grow in the coming months.
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.