The condition of the South American crop continues to be a driving force in the corn and soybean markets. NDSU Extension Crops Economist Frayne Olson says the crop is under stress. “Southern Brazil and Argentina have had very, very dry conditions and very hot conditions. There were temperatures recorded of 113 degrees Fahrenheit in some of the central growing regions of Argentina.” Southern Brazil and Argentina are expecting rain and more moderate temperatures, which pressured the grain and oilseed markets. “We’re seeing more market volatility because of the weather conditions and the weather forecast.”
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