The agricultural market is always changing, but there are ways for producers to stay ahead and seize some opportunities. Parts of South America will be harvesting 11 to 12 tons more soybeans than they ever have before while others will be down 50%. Economist Dan Basse of AgResource Company shares some insight into how this affects prices here in the U.S.

“It's really a strange season for South America,” explains Basse. “Brazil is an area of abundance. In fact, to the degree that there was a while that the ports of Brazil stopped taking soybeans because there was so much supply, they didn't have storage for all that.”

Brazil will be harvesting 153 million tons of soybeans this year, which is about 12 million tons more than they’ve ever cut. Basse says while they are doing well, across the border in Argentina, it is a disaster as they’re yields will be down 40 percent.

The agricultural market is always changing, but there are ways for producers to stay ahead and seize some opportunities. Parts of South America will be harvesting 11 to 12 tons more soybeans than they ever have before while others will be down 50%. Economist Dan Basse of AgResource Company shares some insight into how this affects prices here in the U.S.
“It's really a strange season for South America,” explains Basse. “Brazil is an area of abundance. In fact, to the degree that there was a while that the ports of Brazil stopped taking soybeans because there was so much supply, they didn't have storage for all that.”
Brazil will be harvesting 153 million tons of soybeans this year, which is about 12 million tons more than they’ve ever cut. Basse says while they are doing well, across the border in Argentina, it is a disaster as they’re yields will be down 40 percent.

Join Pam Jahnke for the latest farm news. Heard daily on WOZN 96.7 FM and 1670 AM in Madison Wisconsin from 5-6am. Also heard on affiliate stations all over Wisconsin.

Join Pam Jahnke for the latest farm news. Heard daily on WOZN 96.7 FM and 1670 AM in Madison Wisconsin from 5-6am. Also heard on affiliate stations all over Wisconsin.

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