Uruguay had a dry start of summer, which led to serious drought by the beginning of January. Fortunately, there was abundant rainfall since January 15. This was just in time as soybeans had not yet started to flourish and the filling of the beans started only after this rainfall. Therefore, it seems there was very little damage to summer crops in Uruguay.
This is very positive news for crop farmers in Uruguay who might see the combination of good yields and good prices for commodities with the local soybean price at this moment almost at 600 USD per ton.