Reports that frost damage to winter wheat in Russia might not be as bad, combined with a generous supply on the global market, are putting some pressure on wheat prices. Furthermore, the market is primarily preoccupied with news from South America. Rain is forecast for Argentina. Nevertheless, the Buenos Aires stock exchange lowered its corn harvest forecast. In Brazil, growers are in no hurry to sell soybeans, explains Jurphaas Lugtenburg, market specialist at DCA Market Intelligence, in this market update.