Soybeans and Corn Under Climate Impact in the USA

According to a StoneX report, Brazilian soybean exports remain strong and have already totaled over 51 million tons shipped through May, surpassing the volume recorded in the previous harvest. June also began with strong movements in ports, maintaining the high pace of external sales. In the international market, soybean prices in Chicago ended the last week with a 1.5% appreciation, quoted at US¢1057.75 per bushel. In the United States, planting of the new crop has reached 84% of the estimated area, a performance above the historical average of 80%. However, the progress is not homogeneous: states located in the eastern portion of the Agricultural Belt are facing difficulties due to excessive rainfall, which has hindered field work. Starting this week, weather behavior will be crucial for productivity and conditions of North American crops. In Argentina, the harvest has reached 88.7% of the cultivated area. Despite the pace being slightly below average, productivity projections ...