E174: 2024 Corn and Soybean Market Outlook

Though the December WASDE dropped Friday, December 8th, the neutrality and general lack of changes in the report meant that DTN’s Lead Markets Analyst Todd Hultman could focus more on his discussion at the 2023 DTN Ag Summit about the bigger picture in the markets and how it might drive markets in 2024 and beyond. Today, we’re dropping in on Todd’s market forecast to hear more about how he sees the lingering effects of the global pandemic, the fluid situation in China, and the growing competitiveness of Brazil and Latin America influencing corn and soybean markets in the year ahead. We’ll take a closer look at the weather picture and how total supply might evolve in the coming months, and at the demand picture, with a particular focus on both corn and soybean biofuel markets. We’ll also touch on the impacts of global conflicts, energy prices, and how market watchers can stay on top of the story.