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Southern Brazil has enjoyed frequent precipitation over the last several months, making for good weather conditions for early planting and establishment. The next 10 days continue that trend. But does La Nina dryness show back up for an extended period in the not-so-distant future?
La Nina will kick off the 2022-23 crop year in South America for the third consecutive season. La Nina typically leads to heat and moisture stress for much of the continent's growing regions. However, forecasts suggest La Nina will lose strength midway through the crop year, leading to uncertainty in the forecast for the second-half crops.
La Nina will kick off the 2022-23 crop year in South America for the third consecutive season. La Nina typically leads to heat and moisture stress for much of the continent's growing regions. However, forecasts suggest La Nina will lose strength midway through the crop year, leading to uncertainty in the forecast for the second-half crops.
Weather conditions in South America during the spring planting season offer some mixed signals but point more toward a hot and dry start for most areas in the 2022-2023 season.
Heat with limited shower chances for the Corn Belt and cooler conditions down in South America are the short-term weather factors driving the markets Tuesday.