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Tidbits, Quarterly Stocks Estimates, Markets & Rain Days Update 9/27/23

Highlights


Dr. Cordonnier cut his US corn yield estimate by 1.5 bu to 171.5 and reduced bean yields by a half bushel to 49.0.

The meteorological firm, Climatempo, is calling for temps over 100 degrees across central Brazil (where 85% of their beans are grown) as the country continues to struggle with hot and dry conditions during planting. Producers are being warned by agronomists to wait on planting beans until adequate moisture arrives to ensure germination and stand establishment.

The World Health Organization has backed down on its amendments for compulsory COVID vaccinations and lockdowns. Hopefully, that means no lock-downs anywhere in the world and economies can continue to function (and consume grain and meat).

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