Soybean crush, lower costs eyed in USDA Baseline Projections
Expectations for larger soybean crops will push prices down from current levels – from $12.90/bushel expected this year to $11.30/bushel in 2024, $10.75/bushel in 2025, and $10.50/bushel in the eight subsequent marketing years. Lower nitrogen costs for wheat production expected in upcoming years will also reduce farmgate costs.
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