Forecasts of rainfall in Argentina and warm weather in the U.S. and Europe will reduce the speculative pressure of weather factors on prices.

Traders are currently focused on the weather in Argentina, where drought in January reduced the potential yield of soybeans and corn. But last week's rainfall improved the condition of the crops, while weather conditions in Brazil remain very favorable. In Argentina, on Wednesday, a front brought heavy rainfall to some of the driest areas, and on Friday, a new front moving north provided additional rainfall. This week, several waves of showers are expected, which can improve the condition of the crops. According to the Buenos Aires Grain Exchange (Bolsa de Cereales), as of February 6, sunflower has been harvested on 27.9% of the planned areas, and the average yield is 2.28 t/ha (+0.1 t/ha compared to last year), so the crop forecast has been increased by 400,000 tons to 6.2 million tons (against 5.5 million tons in the previous season) due to an increase in area to a 10-year maximum of 2.7 million hectares. Throughout Brazil, heavy rains are contributing to the development of late ...