# South Dakota soybean producers brace for 2024 market movers - Agweek | #1 source for agriculture news, farming, markets

> At the AgOutlook Conference in Sioux Falls on December 7, analyst Tregg Cronin said South American weather is the main market driver for 2024, along with Argentina's new presidential administration and high interest rates. He said rates affect fund positioning in commodities and farmers' grain storage costs.

- Date: 2023-12-18 · published 2023-12-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32741-south-dakota-soybean-producers-brace-for-2024-market-movers-agweek-1-source-for
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Expectations for South American crops and higher financing costs for storage and funds shape the price outlook for U.S. soybeans, which feed buyers track for 2024 contracts.

## Read by commodity

- SOY: neutral

## Sources

- agweek.com: https://www.agweek.com/crops/soybeans/preparing-for-the-2024-agricu

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