Yesterday, USDA reported that 68% of the corn crop was in “Good” or “Excellent” condition, slightly below last week’s 69% and last year’s 69%.
Corn prices increased 4% over the past week and are 35% above levels from a year ago. Soybean prices declined less than 1% over the past week but are up 7% year-over-year. Wheat prices are up 52% vs. a year ago as they increased 1% during the past week.
Industry Outlook: How Does Your Dealership Stack Up?
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
