quote from:  https://www.feedtrade.com.cn

With the gradual development of the U.S. soybean harvest, the market's focus on the U.S. soybean production gradually shifted to export demand, and the weather speculation in the Midwest soybean producing areas gradually withdrew, but because the harvest has not been completed, there is a small probability that there will be bad weather that will affect the harvest progress and soybean production.

Although there is a high probability of wet weather conducive to the growth of soybeans in South America under the influence of El Nino weather, the Brazilian production area, which is currently the earliest planted, has experienced extremely hot weather, especially the meteorological agency said that the local atmospheric conditions will prevent the cold front from reaching most of Brazil in the next few days, resulting in hot and dry weather in Brazil.

Extreme heat and lack of rainfall could pose challenges for soybean farming. This will eventually make South American producing areas take over from the Midwest producing areas of the United States and become the basis for soybean weather speculation.