South American Planting Season

As North America continues to finish up harvest 2016, in South America plant 2016 is about to begin.  The Brazilian ministry of Agriculture recently released their first estimate of the upcoming growing season and estimated an increase over the 2015-2016 growing season of 0.6 to 2.7%.  That is not a total surprise as the weather last year was far from perfect with heavy rains drowning crops and reducing harvestable acres shortly before and during the spring harvest.   Although there is technically not an La Nina in place in the Pacific Ocean, the next 6 months may experience atmospheric conditions that are similar to a La Nina, which gives the potential for conditions in South America to be wetter and cooler than normal.

Daryl Ritchison