# Markets won’t be swift to change

> Farm Futures analyst Bryce Knorr says the February WASDE did little to help corn and soybean rallies, with more old-crop carryout expected by August 2024. Futures remain near their lowest levels since 2020, and the article suggests a shift to La Niña this summer could be the best hope for rallies.

- Date: 2024-02-12 · published 2024-02-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/31590-markets-won-t-be-swift-to-change
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher-than-expected carryout keeps corn and soybean prices under pressure near multi-year lows. A La Niña weather shift is the main possible catalyst for a rebound later in 2024.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Sources

- farmprogress.com: https://www.farmprogress.com/commentary/markets-won-t-be-swift-to-change

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.