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Barchart's outlook on 2024 grain prices notes that oats rose in 2023 while other grains and oilseeds posted double-digit losses. It cites the January 12 WASDE, which was more bearish than expected on higher stocks and yields, and says weather and the war in Europe will drive prices.
Larger global grain stocks and higher production estimates weigh on grain prices, while weather and geopolitical risk could drive volatility ahead.
barchart.comAndrew HechtJan 15, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
