Input prices and the value of the dollar have changed in the past few years since COVID arrived. A little math may help regain some perspective on new-crop corn prices in 2024.
By Kirk Maltais Brazil's Conab made cuts to its outlook for both corn and soybeans production in 2023/24 - reducing its soybean outlook to 149.4 million tons.
By Kirk Maltais The Agriculture Department cut its outlook for Brazilian corn and soybean production, although its reduction of the soybean estimate was less.
Farmers attribute long lines at a Nebraska soybean processor to imports of Brazilian beans on the East Coast, reflecting the heft of global soybean supplies and concerns about Chinese demand.