Weather continues to be the story across many key global growing regions. Contrasting irregularities in Brazil brought unexpected fall rains that delayed the soybean harvest, while a persistent lack of moisture sent its expected safrinha crop tumbling. Drought has reached extreme levels eastern Montana, northern South Dakota, and much of North Dakota, leaving farmers in certain parts of this region contemplating whether to plant corn, beans, wheat, or something else. We're hearing from some farmers that prevent plant is absolutely on the table, too. With high prices, tight stocks, and many decisions yet to be made, it is no wonder participants across ag supply chain have an unclear view of the future.
Weather impact on grain market dynamics
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