Flooding
After years of drought, farmers across U.S. farm country are getting so much rainfall that it’s dampening their spring planting progress later into the season.
Freight costs are increasing out of one of Brazil’s major southern ports due to the “biblical flooding”, obscuring rail and road passages to and from Rio Grande Do Sul.
Brazilian producers are facing losses of 4 million acres of corn and soybean crops yet to be harvested after nearly 31 inches of rain has fallen and additional rain in the forecast.
