Argentine soybean crop could use a rain

From Agriculture Online - Argentine farmer says soybean crop suffering from drought in spots

With the Argentina soybean crop just planted, it may be early to get too nervous about its condition, but any dryness in the South American crop conditions is expected to keep a level of support in the U.S. soybean market, market watchers say. Because the USDA estimated in its December report a U.S. 2005-06 soybean carryover of 405 million bushels, a record if realized, the market is expected to pay close attention to South America's crop weather.