Warmth and a somewhat active pattern in the U.S. and limited rain and another heatwave in Argentina are the weather factors driving the markets Friday.
La Nina s control on South American weather continues with warmer and drier conditions continuing across far southern Brazil and Argentina. Crop health has been declining in recent weeks, even though showers have moved through from time to time.
The temperature forecast for January is for much warmer air as the cold, arctic conditions that visited North America in November and December remain locked up farther north.
Above-normal temperatures and chances for precipitation in the U.S. and limited rain in the southern half of South America are the weather factors driving the markets Thursday.