Palm oil bounces on S. American weather concerns
SINGAPORE, Jan 17 (Reuters) - Malaysian crude palm oil futures bounced back, as concerns over dry weather forecast in Argentina and Brazil that could potentially tighten soyoil supplies offset investor fears about the euro zone debt crisis.
"It looks like the dry spell is back in South America, however weak technicals and still lagging exports are likely to limit the upside here," said a dealer with a foreign commodities brokerage in Malaysia.
Brazil's Rio G. Do Sul braces for more dryness after rains
SAO PAULO, Jan 16 (Reuters) - Heavy rains over the weekend brought relief to southern Brazil's drought-hit grains regions, but dryness looks set to resume and blight key soy areas in Rio Grande do Sul until at least the end of the month, forecasters said on Monday.
Hot, dry weather stemming from the La Nina weather phenomenon has toasted soy and corn crops in Brazil, the world's second-largest soy producer, and boosted soy prices in Chicago.
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