Julianne Johnston

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Leaves South American corn and soybean crop estimates unchanged.
Corn sale to Egypt; soybean sale to China.
Remains concerned about Argentine corn that is currently being planted.
Says downside risk remains to crop estimates.
Also increased Mexico’s corn import forecast.
Lowers Argentine corn estimate another 2 million metric tons.
In some instances values are higher than in the Midwest.
Rain chances improve for Argentina, but heat dome expected to return.
David Tolleris provides his weather outlook.
Expects challenges to Renewable Fuels Standard in the year ahead.