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A study conducted by researchers at the University of São Paulo (USP) in Brazil and reported in an article published in Nature Communications shows that the Cerrado, Brazil's savanna biome, is experiencing the worst drought for at least 700 years. Here's why.
By Kirk Maltais -- Wheat for May delivery rose 1.9% to $5.48 a bushel on the Chicago Board of Trade on Monday, rising as selling in response to Chinese cancellations of previously purchased...
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Hot and dry conditions exacerbated the drought in Central Brazil. The continuation of a hot and dry theme in the main soybean-growing regions of Brazil has prompted several agencies to decrease soybean crop outlooks, causing upside pressure on prices.
(KMAland) -- Commodity markets continue to watch crop progress in South America.
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In the first half of January 2024, the rains have returned to the Center-West region of Brazil, however, for some, the rain has arrived a little too late to salvage soybean crops.