No Bullish Weather Story Out of Brazil

South American weather received attention at the South Dakota Farmers Union Convention in Huron. Conduit Principal Atmospheric Scientist Eric Snodgrass said the forecast isn’t good news for the markets. “We all want drought in Brazil; I’m sorry Brazil is firing on all cylinders. and I have no bullish story for you out of Brazil today.” Snodgrass said he is worried about the potential of a drought in ’25. “Drought loves to migrate after dry falls; it loves to migrate after La Nina events and that is why I am concerned.”