Why Did Soybeans Fall Below $12, While Corn Held Long-Term Support?

Ag economists’ views on the ag economy took a dive in the first Ag Economists’ Monthly Monitor of 2024. Lower commodity prices and the outlook for higher costs continue to weigh on the industry. However, ag economists think relatively strong balance sheets and working capital could provide a cushion for 2024 with no major concerns for immediate farm solvency issues.

While resilient farmland prices were the theme in 2023 and farmers were in the driver's seat in most sales, Jim Rothermich with Iowa Appraisal has recently noticed a couple changes in the market.

The corn market might have finally found a temporary bottom, but where will prices go from here? Jon Scheve shares three charts that could provide some historical perspective for market direction and your marketing plans.