Yesterday, USDA reported 63% of the U.S. corn crop is in "good" or "excellent"? condition. This is below last week's 66% and last year's 70%. The condition of soybeans for this date also declined with 56% in "good" or "excellent" condition vs. 60% last week and 68% last year.
Earlier today, USDA reported 60% of the corn crop is in "good" or "excellent" condition, which is below last week's 62% and last year's 71%. Condition of the soybean crop edged up to 61% "good"? or "excellent"? vs. last week's 60%, but remains below last year's 66%.
This morning, the USDA issued its monthly update to the supply and demand outlook for the 2010-11 crop year, as well as its monthly crop production report, both of which analysts called “bullish for commodity prices” and near-term farm equipment sales.
Source: Bruce Blythe, Business Editor, Drovers Cattle Network
High crop prices and tight global grain supplies fuel a bullish outlook for the agricultural economy next year, signaling a windfall for makers of farm equipment, fertilizer and animal feed.
In this episode of On the Record, brought to you by Associated Equipment Distributors, Marc Johnson, principal with Pinion, provides 4 factors that will be important for dealers to watch in 2025 that will impact their business.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
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