Commodities experience steep decline in 2023 but could see stronger ‘floor’ in new year

Farmers reluctant to sell as prices fall

CoBank report says export partners can’t afford US products

Supplies tighten, but high temperatures could benefit soy oil

Production expected to rise followed by price over-correction

High prices, negative perceptions lead to sales drop

Agriculture will need new markets, commodity uses as population growth patterns change.

Suggests improving internal loss control, hybrid program.

Rising interest rates, commodity prices and increasing labor, insurance, transportation costs to blame.