Traders wait for clarity on Brazilian weather. Corn and wheat post new lows.

Moderate rains last week helped Brazil's three main Center/West states. But for two of them, Mato Grosso and Goais, it won't last in a meaningful way for long. The general forecast is normal to below normal rains ahead. We do agree that bears are right in pointing out the third state in this Center/West region, Mato Grosso do Sul, has seen benefit recently. Normal to above-normal rains are set for them over the next two weeks

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