Corn came within 9 cents of the major lows.

This week represents a change for Argentina's weather. Near-zero rains for several weeks have now changed into normal/slightly below normal. The two week forecast is normal/slightly below. The long awaited transition into a normal El Nino moisture pattern may now be happening. The current ENSO reading, 1.3 for July - September, is the sixth strongest since 1950. This is a measurement of Pacific Ocean temperatures east of Australia.

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