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S Illinois | Just to give you the actual numbers your referencing
Year: Final Dec prior to harvest
23: 25. 49.5. (Argentina's 2012 drought on steroids)
22: 43.9. 49.5
21: 46.2. 50
20: 48.8. 53
19: 55.3. 55.5
18: 37.8. 57
17: 55. 57
16: 56.8. 57
15: 61.4. 55
14: 53.5. 54.5
Hope is thinking something out of the ordinary will happen, not normal weather. It rains in Argentina, so those who think it's not going to rain are the ones "hoping" for production loss.
Edit: Production estimates for Argentina were bumped in Jan to 50MMT.
Edited by w1891 2/9/2024 18:33
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Argentina Crop Commentary
