Brazil soy harvest will be okay

Because we know you were worried about it: After some hand-wringing, it turns out Brazil’s soybean harvest is going to be okay.  After the United States, Brazil is the world’s second-largest soybean grower and early forecasts suggested this year’s harvest would be about 1 million tons short due to rain damage. But Reuters is reporting it looks like this year’s crop is on track total 72 million tons, up from 68.6 million last year. Let’s make some sauce.