Slim margins are likely to linger into 2024, according to Rabobank

From a global pandemic to geo-political events, farmers worldwide have seen their share of headwinds lately, including less income. New research hints those slim margins are likely to carry over into the new year.

Rabobank says while margins will be slim, the outlook is better for soybean farmers. Corn, however, will still feel pressure from extra supply. Their report warns the markets are at a crossroads and prices could go either way.

Regarding price risk, they say the only certainty is volatility. The corn market shows the lowest upside potential with wheat showing the highest.