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Analyst calls South American corn production prospects “precarious”
A market analyst suggests South American corn production is in a precarious spot.
Michael Cordonnier with Soybean and Corn Advisor tells Brownfield the crop is expected to be about two percent bigger compared to last year.
“And in a month from now, it may not be up at all.”
He says that’s mostly because of weather challenges in Argentina.
“Now in Brazil, which is a big corn producer, it’s all in the Safrinha, the second crop of corn. And that won’t be determined yield-wise for another three or four months.”
Cordonnier says first crop corn has been impacted by dry weather in southern Brazil.
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