Tidbits, Argentina, Soft Winter Wheat, Cocoa, Broilers & Ethanol 3/14/24

Highlights

247AG, after predicting Brazil’s weather the next 10 days, reports:  

"Can it get worse? Most definitely. Just getting started. Safrinha crop will be off by at least 20%, if not 30% or more."

Corn futures in Brazil continue to rise, buoyed by the weather forecast for April.

The Panama Canal Authority (ACP) will increase the daily limit of vessels through the canal from 24 to 27 on March 18th. Three Panamax ships would hold 6.5 mil. bushels of corn.

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