A Shift to SA Weather

Warm, dry weather is supporting harvest activity, but serving as an anchor on the markets. U.S. Commodities President Don Roose said the trade has also shifted its focus to South American weather. “It looks like we have a chance for improved weather and maybe a pattern change in those dry areas in northern Brazil.” The Black Sea region is also seeing the potential for moisture. “That’s been pretty dry as far as it goes with Russia and Ukraine and their winter wheat.”