South American weather: The silent driver of price risk

South American weather: The silent driver of price risk

South American weather doesn’t always dominate the headlines, but it always dominates the balance sheet. Brazil and Argentina now control the majority of global soybean exports and a rapidly expanding share of the world’s corn. When their production stumbles, the entire global supply chain feels it — and U.S. prices respond immediately. When they thrive, the opposite holds true. This year, however, the market seems convinced that “normal weather…