According to the NASDAQ newsletter, a heat wave in Argentina has increased stress on corn and soybeans already being threatened by drought in South America. Fortunately, a wet start to the growing season has so far limited the worst consequences of the drought, but if they don’t get more rain soon, yields are going to suffer from the lack of moisture. This could have implications for market prices in the US going into the next growing season here. You can read more about it at https://www.nasdaq.com/article/argentina-heat-wave-compounds-yield-damage-on-dry-soy-corn-farms-20180208-01876.
