According to the March 5 Sandhills Global used equipment Market Reports, average combine asking prices were flattish year-over-year and month-over-month in February.
Last summer at the Farm Progress Show, the general sentiment among exhibitors was a lot of the uncertainty would ease post-election, regardless of the outcome. That’s usually true in election years.
According to the latest numbers from the Assn. of Equipment Manufacturers and analysis from JP Morgan, Inventory-to sales for combines decreased year-over-year to 1.6 months.
The USDA updated its global supply and demand estimates for 2024/25, with U.S. ending stocks for corn, soybeans, and wheat slightly above or below consensus.
Deere & Company reported net income of $1.245 billion for the fourth quarter ended Oct. 27, 2024 compared with net income of $2.369 billionfor the quarter ended Oct. 29, 2023.
Deere & Co. remains confident about producing to demand during fiscal year 2025, JP Morgan (JPM) analysts reported following a virtual meeting with Deere Director of Investor Relations Josh Beal in early October.
This month’s 2024/25 U.S. corn outlook is for smaller supplies and a modest decline in ending stocks. Projected beginning stocks for 2024/25 are 55 million bushels lower based on increases in exports and corn used for ethanol for 2023/24.
JP Morgan reported negative statistics for the industry, with especially negative trends in Brazil during its Ag OEMs: 2Q24 Earnings Preview webinar on July 11.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take a look at the latest used combine pricing and inventory report from Sandhills Global.
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