Hurricane Ida caused "significant damage" to a Louisiana grain export elevator owned by Cargill Inc. Ken Erickson, Senior VP agribusiness with IHS market, says the Hurricane's potential impact on exports is huge.
“A return of La Nina could aggravate an already exceptional drought in south-central Brazil that has resulted in one of the driest periods in over 90 years," says South American Crop Consultant Dr. Michael Cordonnier.
"Reports indicate much of this week’s heavy rains was immediately absorbed by the severely dry soils, with no runoff into empty dugouts or ponds," according to today's Drought Monitor Summary.