South America swamped

South America swamped

Brazil is a major player in global corn and soybean production, and market analyst Michael Cordonnier with Soybean and Corn Advisor says the country has been dealing with historic flooding. He tells Brownfield one to three million tons of soybeans is estimated to be lost, and the impact could linger into next year.

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Soybeans, corn, wheat down Friday

Soybeans were lower on profit taking and technical selling, while still finishing mixed on the week. The trade’s watching planting, expecting