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

are expected across the entire soybean growing region of Brazil next week, which will be very important for the pod filling stage. Early harvest is expected to begin in January, and local analysts continue to raise soybean crop forecasts on the back of favorable weather. The northern regions of Argentina also received good rainfall last week, while the central and southern regions remain drier, although soil moisture is still favorable across much of the country. Scattered showers are forecast in the northern part of the country this week, but drier and hotter weather in central and southern Argentina will increase stress on corn and soybean crops, which could reduce yield potential. The warm, rainy weather that blanketed the Midwest and Plains of the United States last week is giving way to cold weather with frost, winds and snow, so analysts will be closely monitoring the level of snow that will cover winter wheat crops ahead of the drop in temperatures in January. This week’s ...