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Tidbits, ENSO, Market Tools, Export Inspections, Markets & Rain Days Update 1/23/24

Tidbits


Strategic Farm Marketing lowered their Brazilian soybean crop estimate by 12 mil mts to 145 mil mt. (USDA 157).

 

Weather will be quite dry the next two weeks in Argentina, where they have great crops growing.

 

You can see on the ENSO up-dated chart, El Niño appears to be coming to an end very quickly, which is about 30 to 60 days out after the water temperature declines below the El Niño threshold.

 

ENSO Update:

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