Let this sink in: One state in Brazil — Mato Grosso — produces the equivalent of Illinois and Iowa’s soybean production combined. Here's a look at South America's growing regions, crop calendar and production capacity.
The shift to an El Niño weather pattern is creating dynamic market conditions. In particular, the U.S. soybean market will be extremely sensitive to threats to the Brazilian crop.
Chinese importers bought around 10 cargoes of soybeans, or about 600,000 metric tons, for shipment from Gulf Coast and Pacific Northwest export terminals between December and March.
