2024 Commodity Price and Breakeven Yields

Amidst volatile prices and uncertainty, the need for advisory expertise is critical. Global Ag Risk Solutions is here to help provide you with the adaptability required to stay financially resilient by creating revenue certainty year after year.

• Commodity Price Projections for 2024

  The chart below contains projections from recent analyst projections on commodity price outlooks for 2024 based on a normal crop. These differ, some more significant than others, from the prices we have seen the last few years. Included are crop, the estimated fall 2024 price, and the range of breakeven bushels. These figures are assuming there is an average crop next year for Western Canada: 

Crop	Fall 2024 Price	Break-even Bushels (range)
Barley	6.5	64.6 – 90.2
Canola	14.5	34.8 – 45.9
Red Lentils	20	19.5 – 26.5
Peas	10	41.5 – 55.9
Durum Wheat	10	43.3 – 62.0
Spring Wheat	7.5	59.0 – 82.1

• Where GARS Fits In: Creating Financial Certainty

  There's a message within this challenging landscape. We understand the complexities, and our role is clear. In a year like 2024, when prices revert to the mean, your need for advisory expertise is paramount. We're here to provide financial certainty and help you navigate the intricacies

  Beyond the prices and projections, the team at GARS is committed to building resilience. Your farm is unique, and so are the challenges you face. Let's work together to turn uncertainties into opportunities. Connect with us to discuss your 2024 strategy.

  Contact an advisor at (877) 606-4277 and they can help you assess your evolving needs and make informed decisions to protect your farm's bottom line.