Activity in Brazil’s soybean market remains concentrated in the spot, but the Chinese are placing bids on March, April and, eventually, part of May positions. Two developments helped trading houses originate some reasonable volumes in the internal market. Soybeans Argentina Last week’s rains only covered some areas in the center and southern parts of the Pampa Humeda region, but they did bring some relief south of Buenos Aires. Meanwhile, the central and northern Argentine regions are flooded and need water levels to recede. Fortunately, hot temperatures are helping the situation, and yield projections are unchanged. The crop is still estimated at 54.8 MMT, 2.1 percent lower than last year’s 56 MMTAlso last week, Argentina traded a June...