Yesterday, USDA reported 51% of the corn crop is in "good" or "excellent" condition, down from last week's 53% and last year's 68%. Soybean conditions also slipped to 53% in "good" or "excellent" condition, down from last week's 56% and last year's 63%
Corn prices declined 5% last week, but are 36% above year ago levels, while soybean prices were off 6% last week, but are up 23% year-over-year. Wheat prices declined 4% over the past week and are down 8% year-over-year.
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.
