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June 05th 2024

Brazilian weather challenges a mixed bag across agricultural commodities

Brazilian weather continues to capture market attention, with price impacts mixed across commodities. The effects of heatwaves in the country over the past year are still being assessed for corn and soybeans, and recent heavy rains in Rio Grande do Sul have disrupted rice markets. Sugar and coffee supplies appear unscathed for now, but concerns loom over potential impacts on late season supplies.

Listen from our experts Lee Bridgett, Head of Food Retail and Manufacturing; Gabriel Tande, Food Retail and Manufacturing Analyst and Fernanda Okada, Market Analyst at S & P Global Commodity Insights.