Good rainfall in Brazil and dry weather in Argentina will be the main factors affecting prices in the coming weeks.

Traders continue to closely monitor the weather in South America, which affects the formation of a good soybean and corn crop. Last week, almost all of Brazil, especially the drier southern part, received heavy rainfall, which continued to improve the condition of soybean and corn crops. Rainfall in the east-central regions of Brazil was slightly lower, but heavy rains are expected throughout the soybean-growing region of Brazil next week, which will be very important during the filling stage of the pods. Early plantings are expected to begin harvesting in January, and local analysts continue to raise soybean yield forecasts amid favorable weather. Northern regions of Argentina also received good rainfall last week, while central and southern regions remain drier, although soil moisture is still favorable in most of the country. This week, scattered showers are forecast in the northern part of the country, but drier and hotter weather in central and southern Argentina will ...