Came across this today and thought it was interesting -

"If the El Niño continues, even if it is weak but if it stays consistent, that will be good for the Argentina and southern Brazil rainfall outlook, he added.

Anderson said Argentina's soil moisture is already starting to improve after a disastrous drought in 2008-09.

As for the rest of the world, the mild El Niño that is developing is already helping Brazil and Argentina recover from their recent drought.

“If the El Niño continues, even if it is weak but if it stays consistent, that will be good for their rainfall outlook,” said Anderson. He mentioned that, even though they are still running 60 percent short, their surface moisture is already starting to improve."

From - http://www.agweekly.com/articles/2009/10...