Last year, Argentina in particular suffered from dry conditions that impacted much of their key agricultural areas. That was not surprising because dry conditions are more common in far southern South America where there is a La Nina present in the equatorial Pacific Ocean. This winter there is a weak El Nino present and historically Argentina tends to have a lower chance of dry weather during an El Nino. So far rain has been plentiful, albeit, a bit dry for the last couple of weeks. But another system is expected. Over all,rain has been close to average and planting rate is near average as well. Odds favor a much better growing season there than last year.