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Extreme Weather Challenges and 2024 Yield Projections

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Dry weather across major agriculture-producing parts of the United States brings a lot of uncertainty regarding crop yields for 2024. Yield guesses have been all over the place among economists because of the variability in the weather conditions. Corn and soybean yields are forecasted to become lower than expected by USDA, and this might further influence the market prices and planting decisions made by farmers over the next few months.

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