# Corn and soybean prices may be ready to rally | The Western Producer

> An agricultural economist at the 2024 Commodity Classic said old-crop U.S. corn and soybean prices will likely rally this spring, citing historical patterns in which prices exceeded January highs. He noted that the renewable diesel industry is a positive demand factor.

- Date: 2024-03-04 · published 2024-03-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7861-corn-and-soybean-prices-may-be-ready-to-rally-the-western-producer
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Historical seasonal patterns suggest higher spring prices for corn and soybeans, which would raise feed grain costs for buyers, though the analyst admitted no clear catalyst.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Sources

- producer.com: https://www.producer.com/news/corn-and-soybean-prices-may-be-ready-to-rally/

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