Export demand and competition, the war in Ukraine, domestic supplies, the fight for planted area, and global weather will be primary factors influencing wheat, corn and soybean prices and production levels in the year ahead.
It is no secret that ours is a country that encompasses the full development spectrum: from some of the most sophisticated financial systems in the world to traditional bartering practices in deep rural areas; from consumers that only buy food that is certified organic to households that can barely afford the basics.
2023 was a year punctuated by easing fertilizer prices, which had set record highs in 2022 in the fallout of Russia’s unprovoked invasion of Ukraine. So will that trend continue in 2024, or should producers brace for higher costs?