There are two tales being told in Brazil right now that are somewhat at odds with each other. On one hand, plenty of anecdotal evidence has been trickling out of South America in recent weeks that include reports of heavy rains, sluggish harvest pace and even beans sprouting in their pods.

Despite those quality and yield concerns, most consultancies, as well as the U.S. and Brazilian governments, are projecting a record-breaking harvest of around 4.8 or 4.9 billion bushels for 2020/21. In the latest Midweek Markets podcast, we take a closer look of what’s going on and offer our own production speculations.

Other topics of interest this week include a look at ethanol production trends, overseas wheat production, competition for how farmers will spend their dollars this year and much more.

Listen to the latest Midweek Markets podcast for March 17, 2021:

Farm Futures Market Update · 03 - 17 - 2021 MM PODCAST