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A large Brazilian analytical firm sees much larger Brazil corn and soybean production after weather-reduced harvests in 2016.
Heavy rains in parts of central Argentina. Dryness in northeast Brazil.
Light rain prospects in the northern Brazil crop areas lead to the possibility of a dip in soybean production.
Vale SA, a Brazilian mining company, announced Monday it will sell most of its fertilizer business to U.S.-based The Mosaic Company for $2.5 billion.
Much better rain than a year ago brings another hike in projected Brazil soybean production.
The forecast for increasing episodes of scattered showers and thunderstorms over the weekend and next week in Argentina will be very timely and beneficial rainfall.
Latin America has limited domestic fertilizer production, and it is extremely reliant on fertilizer imports from across the world.