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Al Kluis, a commodity advisor, notes that South America is now the largest soybean producer and exporter, with Brazil's crop close to US output. He explains the difficulty of forecasting South American crops, which are spread over a huge north-south area and reported in metric tons rather than bushels.
Brazil's rising share of world soybean supply weighs on US export prices and makes South American weather a larger driver of global soybean meal and oil pricing.
agriculture.comAl KluisJan 18, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
