For the past several months Argentina has been in the grip of a devastating drought that put pressure on much of the country's wheat crop. Recently that drought has been eased.
"The weather situation has improved a bit in Argentina, they've been getting some pretty good amounts of rain for the last two to three weeks," says USDA meteorologist Mark Brusberg.
The drought was at its worst during May and June when Argentina's wheat crop was being planted, and Brusberg says the recent rains are helping wheat prospects to a degree.
"It came too late for some of the winter wheat crops, especially in the north," Brusberg says. "Some of the southern areas the rain came really in the nick of time. So you've got some areas where there has been irreversible damage and some areas where the rain has been very beneficial. But obviously the crop is not as good as it could have been had they not had their drought."
The Argentine government has released estimates for the crop around 10 million tons, down from last year's harvest of 16 million.