Soybeans and Corn Drop as South American Rain May Ease Dryness
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Soybeans and corn fell for a second day in Chicago on speculation that rain in South America will ease dry conditions threatening supply of the crops.
Dry areas of Argentina and southern Brazil may see rain tomorrow into the weekend, with some showers reaching Rio Grande do Sul state in Brazil and into eastern and northern Argentina, QT Weather said in a report. Brazil and Argentina were the world’s largest exporters of soybeans and corn last season after the U.S., according to the U.S. Department of Agriculture.