Weather conditions in South America are playing a pivotal role in shaping grain prices, with recent rainfall in Brazil and optimistic forecasts for Argentina prompting a market selloff. According to agricultural analysts, these weather patterns are alleviating stress on crops and boosting potential yields, which subsequently lowers risk premiums for corn and soybeans. The United States Department of Agriculture's (USDA) upcoming World Agricultural Supply and Demand Estimates (WASDE) report, scheduled for release on January 12, is anticipated to provide further clarity on supply and demand expectations. Canadian investors are keenly observing currency fluctuations, Prairie basis levels, and export competitiveness, as global supply dynamics appear increasingly stable.