Could soybeans take out $12 this week?

[giolucas]

Since we have been rallying up for the last week are we going to take out $ 12 barrier for January soybeans due to weather in South America?  Or are we just going to trade between $ 11.70 to $ 11.50?  There are a lot of people on vacation but the thin trade can make things move  in either direction. 

[frankne]

How was the weather there the last couple of days and what are they expecting this week.

   Looked at the weather down there and maybe some showers in Brazil but Arg.looks dry. Highs in the low 90's is that average or above.

   I think we could see that or more by years end.