Futures were higher in both New York and London as light rains fell in Brazil. There were more forecasts for rains in Brazil production areas through the weekend, and some good rains were reported in growing areas. It is a sign that the rainy season is coming and ideas are that production potential for Brazil can now start to improve. The rains will be welcome as it has been hot and dry. Drier weather is expected for the rest of the week once the rains fade today. The rains come as the market thinks more and more about La Nina and the potential for drought in pasts of Brazil this year.
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