How crazy could 2024 be for commodity markets?

by | Oct 20, 2023 | 5 Ag Stories, News

It’s been a crazy couple of years in the Ag marketplace and the economy. Pandemics, supply chain failures, weather, wars, and much more. It makes it difficult to try and get a handle on some of your marketing plans, especially as we finish the 2023 growing season and look ahead to 2024. When making those marketing plans, there are many factors out there that you have to think about and ask your marketing advisor about when making those plans.

Dan Basse is an Ag Economist and President of AgResource Company. He thinks that there is going to be more positives in 2024, under the present circumstances.

The latest round of crop studies is showing stagnating yields happening around the globe.

The relationship between the United States and China is constantly morphing. One sector that is heavily affected by this, but doesn’t always get the spotlight, is dairy.

Basse looks at the horizon and says that Renewable Diesel is poised to be the big thing for the Ag sector in 2024.