Rabobank releases 10-year U.S. grain and oilseeds outlook

Published May 30, 2024

Tridge summary

Rabobank's 10-Year Outlook on U.S. Grain and Oilseeds forecasts an increase in corn and soybean exports while wheat exports may remain stagnant due to increased competition. The report also anticipates a decrease in U.S.-planted corn and soybean acres due to lower prices and reduced margins. Farmgate prices are expected to decline from 2021/22 highs, except for soybeans which may rise due to new crushing capacity. The report considers two potential disruptions: lower-than-expected U.S. corn exports and decreased corn and soybean yields.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Rabobank’s annual 10-Year Outlook on U.S. Grain and Oilseeds is now available, offering a detailed analysis of where U.S. corn, wheat and soybean markets may be headed through 2033/34. Some key insights of the report include: Export Dynamics: U.S. corn and soybean exports are set to increase over the coming years, while wheat exports are expected to remain stagnant. As production continues to rise, the US will need to rely on exports to balance supply and demand. However, competition from Brazil, Argentina, Ukraine and Russia will intensify, challenging U.S. market share. Acreage Trends: U.S.-planted corn and soybean acres will continue a downward trend, with combined acres remaining below the 180 million mark. All three major crops will stay under 230 million acres due to lower prices and compressed margins discouraging expansion. Price Forecasts: Farmgate prices are predicted to ease from the highs of 2021/22, driven by increased production from rising yields. However, soybean ...
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