Latest 18z GFS total rains for South America.
Wet for far southern Brazil and far northeastern Argentina, pretty dry elsewhere:
Rains for South America
Widespread near record heat from Northern Argentina into Brazil!
This is the earliest planting pace for soybeans in the state in at least the last five years.
There is already a strong premium for Brazilian soybeans due to the heightened demand from China and the premiums might even move higher if China resists purchasing U.S. soybeans due to ongoing trade disputes. Additionally, Brazil has been exporting soybeans at a very fast pace and the country could actually be close to running out of soybeans before the new crop starts to become available in January. If that turns out to be the case, then there would also be premiums offered by local crushers for the first new crop soybeans.