date:Dec 19, 2012
f 27.5 per cent. South American weather is offering a neutral to negative bias towards price direction in the short term.
Brazil showers favor the south over the next two weeks and the northeastern region will trend a bit drier. Rainfall returns to Argentina by Tuesday and Wednesday but a drier period is expected in the 11-15 day forecast.
CIF corn basis was steady to slightly higher midday as futures trended lower. Traders noted that export demand was very slow as South American continues to