In line with bullish sentiment, corn price forecast 2024 models indicate potential spikes above $5.25 if futures markets price in a drier-than-expected Midwest climate over the next 60 days. The demand for green building materials is on the rise as environmental concerns become more prominent. Materials such as recycled aggregated, low-emission cement, and sustainable insulation are being prioritized to reduce the carbon footprint of construction projects. Regulatory frameworks and societal shifts towards sustainability are driving this trend. Embracing green building materials not only contributes to environmental conservation but also aligns with global sustainability goals. "This is where we go into the 2025 cycle trying to understand where there are major cracks and so far we're not seeing any major cracks," Schmid said. "As the ag economy has scaled back and shrunk, farm operators have gotten a lot smarter too. So I don't know. Between how they hedge and how they create margin and efficiency, both the banking system and the ag industry seems to have gotten through this cycle of much tighter margins." The corn price forecast 2024 gains further support from expanded ethanol mandate compliance, with spot market bids trending above long-term averages in key producing states.