Brazil’s soybean crop is expected to be slightly smaller due to dryness in southern Brazil. However, Brazilian Ag Consulting owner Kory Melby says northern Brazil will more than make up for a reduction in the southern production. “A few million tons were nipped in Rio Grande do Sul. Was it as bad as some are saying? I don’t think so,” says Melby. “We had such fantastic yields and it seems like everyone had 65 bushels an acre. That’s offsetting a lot of these drought issues.” Melby says the coronavirus hasn’t had too much of an impact on soybeans going to port. “Ports are functioning fine so far. Truckers are keeping stuff moving. The trains are moving. Fuel prices are dropping here also. There’s a big line-up at the ports in April. It could be another record month of exports for Brazil.”
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