date:Jan 10, 2013
irm raised its forecast for soy slightly, to 83.11 million tonnes from 83 million previously.
Dry weather is expected in Argentina for the next seven days followed by some light rain, said John Dee, a meteorologist for Global Weather Monitoring.
Investors are keeping a watch on demand outlook in China, the world's top importer, which has cancelled US cargoes in the last few weeks on an improved supply outlook in rival exporter Brazil.
In the US cash market, corn spot basis bids were steady to