The weather makes a world of difference in South America

The demand for grains remains a sensitive issue in the market. Ukraine does not intend to impose any restrictions on wheat exports this season. The country is on the optimistic side in the export forecast. The USDA announced that China has again purchased a significant volume of soy from the U.S. Meanwhile, Europe is struggling to get the export statistics in order. Brazil could achieve a record soybean harvest this season, while just a bit further south, Argentina is facing flooding.