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2024 Agricultural Commodity Prices and Market Outlook 

Trimble Agriculture

JANUARY 17, 2024

Soybeans Soybean plantings are predicted to fall by nearly three million acres in the 2023/2024 marketing year. Cotton Cotton supply is up, primarily due to carryover stock from the previous marketing period. Combined with strong production domestically and globally, corn prices are declining—projected to be $4.80

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