After a late start a year ago, Brazilian farmers were able to plant soybeans on a timely basis this past year. NDSU Extension Crops Marketing Economist Frayne Olson is concerned this may narrow the export window for U.S. soybeans to China. “South America’s soybeans will start coming to the market earlier, giving South America the advantage price wise. Typically, the cheapest soybeans are the ones coming off the combine. That may make it more difficult for U.S. soybeans in the bin to be competitive.” The volumes of corn coming from the safrinha crop will also impact U.S. corn exports. In the meantime, basis remains strong for corn and soybean producers in the Dakotas and Minnesota. “This year, there’s been strong demand out of the PNW combined with our short crop due to drought, which means the local market has to be more competitive, bringing stronger basis levels. I can’t expect the same thing to happen next year.” Hear more.