Escalating Drought in Paraguay and Brazil Over the past few months, the soybean market has understandably been dominated by the U.S-China trade dispute. However, there should be greater focus on the evolving dry weather situation in Brazil and Paraguay that will likely reduce their soybean output. In Brazil, the dry conditions have become a problem in the south, mainly in the state of Parana and Mato Grosso do Sul. Some areas have not had significant precipitation in almost 30 days. Rain did fall in some parts of the region last weekend, but the amounts were mostly under a half-inch. Because the soybeans in Parana were planted earlier than normal this year, the dryness is occurring at a critical time for plant development with the likelih...