US Commodities Preside Don Roose recently traveled to South America and got a firsthand look at crop conditions. Conditions range from too wet to very dry in parts of Brazil and Argentina. “It’s a big country from Brazil down to Argentina so you have everything,” said Roose. “A big issue is the dryness in southern Brazil and in northern Argentina, but, it may be stabilizing there, we’ll see. In the North, there’s a lot of dirt roads and those roads are muddy when they have these rains.” Despite the slow state of harvest, it’s going to be a big crop. “There’s a lot of 60 to 70 bushel yields; it’s not like you’re looking at 40 bushel yields. I think we’re still talking about a soybean crop that is 170 million metric tons in Brazil, that is a 6.2 billion bushel crop.”
