La Nina to Impact Corn Planting in Brazil and Argentina


The effect of the 2020 La Nina event is impacting the planting season in the Southern Hemisphere.  According to USDA meteorologists, the current La Nina is equivalent to the severe 2017/2018 event that resulted in a devestated drought in Argentina.  The drought will delay planting and will obviously reduce the corn crop in both Brazil and Argentina.  USDA recently reported that planting of soybeans in Brazil is currently behind schedule.

Drought in Brazil