What could happen to the global price of soybeans, wheat, and corn in 2025?

In 2024, agricultural commodity futures were mostly down Soybean, wheat and corn price outlook in 2025: What factors will make the difference? With a bumper crop in the United States and a good outlook for the ongoing South American campaign, agricultural futures face a complex end of the year, marked in turn by political variables that add uncertainty to international grain trade. The North American country had, as mentioned, a great campaign, one of the most important for soybeans and corn, around 121 and 385 million tons respectively. Added to this, the South American campaign also seems very promising, with the weather so far supporting the crops. In Brazil, the USDA projects 169 Mt, which would be a record for the country, and for Argentina they expect 52 Mt. And, on the demand side, which shows a fall against the previous campaign, with China expected to demand 109 Mt (-3 Mt against the previous campaign). With a balance sheet that has been growing since the 2021/22 campaign ...