While in the Central part of Brazil are favorable rains, the market's attention focused on the ongoing drought in Argentina. After two consecutive seasons of excessive rainfall, season 2017/18 began in Argentina with concerns about their lack, informs UkrAgroConsult.

The precipitation deficit observed in the Central and Northern regions. In addition, the air temperature is below long-term norms. Until the end of the week weather conditions will remain. Market operators say that these are signs of the development of the climate phenomenon La niña, which is expected from December to February.

While this information supported the price of soybeans in Chicago, market experts predict a South American great losses to corn crops than soybeans. Corn is more sensitive to lack of moisture during the period of pollination and at the stage of grain formation. About 35% of the Argentine maize crop was planted in September and October, which crops will pass these stages in the time of La Nina. The remaining 60% of the crop will pass these stages in the end of February and are at less risk. As for Argentine soybeans, the critical stages of crops will be held from February to March, but the long lack of rain may slow the current sowing campaign.

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