I was waiting to approach the end of the soybean harvest to send you information. Here in Brazil in the main states harvest is ending and for sure Brazil will produce a lot of soybeans, it rained perfect and the rain forecasts that could disrupt the crops will not happen. Argentina seems to have productivity problems. Let's wait. On average Brazil will plant 35% of the second corn crop outside the ideal time. Last year, that's how it happened and we produce a lot of corn in 2017, so if Jesus sends rains we will not have any problems. The rains here are very good and the climate expected to be cooler this year, which should favor planted corn.
Today the government of Brazil has informed that it will sell corn from private stocks in Brazil to lower prices in the domestic market, this should pressure future prices here as well.
Hugs and have a nice weekend.
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