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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.
Economists with the Texas A&M AgriLife Extension Service project the Panhandle fires caused $123 million in preliminary agricultural losses.
So far, Black Cutworm Moths have been trapped in Wisconsin and Illinois. The invasive pest larvae can cause crop damage if the eggs are not destroyed before they hatch.