Why Commodity Traders Should Watch the Weather in Brazil

Date: 2020-11-10 22:10:56

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Brazilian growers are on a roll as the country leads the world in soybean production and is third in producing corn. That’s great for China, which currently imports most of its grain from the U.S., but could switch if the price is right. The X-factor: if a recent spate of dry weather in Brazil persists, it could upend their progress. Insights via @CME Group: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights

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