Here are the analysts’ outlooks for the commodity markets in 2024. Click through to read more from each analyst.
Dan Basse: Prepare For Abrupt And Sizable Price Swings in 2024
Dan Basse says, “Importantly, managed money is sitting on their largest net short CBOT grain position in four years.”
Naomi Blohm: Soybeans Could Find New Country For Demand
Naomi Blohm says, “The U.S. soybean story remains quite friendly to start 2024 with historically small ending stocks and strong crush demand.”
Peter Meyer: 2024 ‘The Year of Demand’
Peter Meyer says, “Both the corn and soybean markets will need to take their lead from changes in both global and domestic demand given the production shortfall stories have become stale.”
Chip Nellinger: There Will Be At Least One Perceived Threat to Production
Chip Nellinger says, “Producers should be prepared to be more aggressive than years past in protecting downside price risk.”
Mike North: Markets To Stay In the Doldrums
“Near term, the soybean market has a loftier perch with a tight balance sheet emerging from supply headwinds,” says Mike North.
Jon Scheve: Expect To See Seasonal Rallies and Weather Risk
“It’s difficult to find anything bullish to say about corn for 2024.” says Jon Scheve.
Angie Setzer: This Year Will Underscore The Importance Of Your Marketing Plan
Angie Setzer says, “With their new trade agreement with Brazil, China is likely to import less corn from the U.S. in 2023.”
