Wheat Resources
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AP 130-2-06
2024 Corn, Soybean, and Wheat Outlook
1. Tighter margins are expected in 2024 for corn, soybeans, and wheat as commodity prices are forecast to be lower and input prices are expected to be flat.
2. Growing demand for sustainable biodiesel fuels will slow soybean price declines relative to the decline in corn prices.
3. Expect more acres planted to soybeans and fewer acres planted to corn and wheat.|
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AP 130-1-06
2023 Corn, Soybean, and Wheat Outlook
1. The Russia-Ukraine war and Mexico’s plan to ban genetically modified corn from the United States will increase uncertainty regarding corn prices. 2. The United States and the world will continue to have a tight wheat supply in 2023, supporting higher than average wheat prices. 3. The low ending stocks of U.S. soybeans indicate the need for more soybeans. Ending stocks might improve in 2023, leading to softer soybean prices.
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The objective of this handbook is to provide rapid and extensive transfer of modern management technologies for small grain production. The intended audience includes Extension agents, industry personnel and dedicated producers.
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