Brazil's soybean belt is critically short of rainfall, in the view of consultancy Oil World, which sees a harvest of 89 million tonnes this season, said AgriMoney.
The Argentinian news portal Infobae says the government is considering whether to create a grain company of its own to compete with the multinational exporters - Cargill, ADM, Bunge and Dreyfus - who dominate farm exports, says AgroSouth News.
The U.S. soybean crop could be as much as 6 percent smaller than now forecast if yields drop slightly or if plantings turn out to be smaller than reported, say projections presented at a Kansas State University risk-management conference.
The Russian ban on food and ag products from Western nations including the United States is likely to mean more business for Brazil, says Reuters.
"Brazil is likely to receive $400 million from the United States as part of an agreement to compensate the South American country" in the decade-old cotton subsidy dispute, says Agro-South.