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Rabobank: Tighter Margins Globally For Row Crop Farmers in 2024

Ag analysts at Rabobank expect operating margins for row crop producers to continue to contract in 2024. The difference in next year’s outlook compared to the past two years is favorable commodity prices buffered the effect. Rabobank says things may change next year.


The bank expects a more positive outlook for soybeans than corn and wheat in 2024.


In a recent report, Bruno Fonseca, senior analyst on the global farm inputs team, details: “Soybean farmers are likely to achieve good margins in the coming season.

However, corn farmers will feel their margins pressured by ample supply, while wheat farmers are unlikely to see improved margins despite declining costs.”




By MARGY ECKELKAMP

December 15, 2023

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