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Tidbits, Logistics, Cattle & Hogs, Markets & Rain Days Update 12/23/23


Early yesterday morning there was a hint that Brazil’s weather forecast beginning January 1st was turning a bit drier. Yesterday morning, BAM Weather Guy Kirk Hinz posted on Twitter:

"Going Drier vs. Data into Jan - making my latest SA ag weather video public today - give it a watch/listen!


Once again, data is wet for Central Brazil for the month ahead, once again the atmospheric ingredients do not agree.


I think Jan ‘24 is hotter and drier than what most expect."


The Biden administration announced late midday yesterday that the rail crossings at Eagle Pass and El Paso would be reopened later yesterday. At 6:11 PM Eastern Time, Reuters News Service reported:

"The United States on Friday reopened two rail crossings between Texas and Mexico." 


The Jan/March soybean spread traded into 1¾¢ carry yesterday, but ended the session at 6½¢ carry, down 2¢ on Friday. If the Mexican border crossings are truly opened this weekend, there is reason to believe you might be able to roll your January bean basis contracts to March at 4¢ or better.

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