Harvest is wrapping up in Wisconsin and now begins the preparations for 2024.

 Steve Nicholson, the global sector strategist for grains and oilseeds at Rabo bank says the USDA's revised figures, had a substantial increase in corn yields, although this wasn't entirely unexpected given the circumstances.  Reflecting on earlier expectations, he emphasized the surprise factor, considering the dry weather's impact on initial forecasts.

“Despite lower expectations due to dry conditions, the US crop size remains significant, attributed more to the extensive acreage planted than exceptional yields,” says Nicholson.

Regarding soybeans, Nicholson anticipated relatively stable yields but hinted at a potential slight reduction, emphasizing the importance of demand dynamics over crop size.

Harvest is wrapping up in Wisconsin and now begins the preparations for 2024.
 Steve Nicholson, the global sector strategist for grains and oilseeds at Rabo bank says the USDA's revised figures, had a substantial increase in corn yields, although this wasn't entirely unexpected given the circumstances.  Reflecting on earlier expectations, he emphasized the surprise factor, considering the dry weather's impact on initial forecasts.
“Despite lower expectations due to dry conditions, the US crop size remains significant, attributed more to the extensive acreage planted than exceptional yields,” says Nicholson.
Regarding soybeans, Nicholson anticipated relatively stable yields but hinted at a potential slight reduction, emphasizing the importance of demand dynamics over crop size.

Join Pam Jahnke for the latest farm news. Heard daily on WOZN 96.7 FM and 1670 AM in Madison Wisconsin from 5-6am. Also heard on affiliate stations all over Wisconsin.

Join Pam Jahnke for the latest farm news. Heard daily on WOZN 96.7 FM and 1670 AM in Madison Wisconsin from 5-6am. Also heard on affiliate stations all over Wisconsin.

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