date:Jan 31, 2013
her pattern emerged in Argentina earlier this month to threaten those hopes. Traders had expected rainfall on Friday and Saturday this week to help ease the growing concerns about dryness in the country, but updated forecasts on Wednesday showed lower predicted rainfall this weekend and over the next two weeks in Argentina.
South America has been the principal focus of the soybean trading over the last two weeks, said Bill Nelson, an analyst with Doane Advisory Services in St. Louis. The market