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Casey Seymour and Greg “Machinery Pete” Peterson dig deep into what it takes to move equipment in today’s volatile market, plus a candid look at economic headwinds — Fed policy, interest rates, tariffs, and commodities — and how they’re steering buyer decisions and seller strategies.
New survey gives a pulse of the current farm economy, deteriorating conditions, and what it could mean in the coming months.
Darin Newsom, senior market analyst with Barchart, Inc. says corn and soybeans are seeing a pick up in farmer selling or hedge pressure as harvest expands across at least the Central and Eastern Midwest.
In a statement issued to Farm Journal, John Deere says fewer machinery orders from farmers are coming in, so more layoffs are slated to hit factory workers in Des Moines and Waterloo.
Alan Brugler with A&N Economics says the commodity markets saw some profit taking and risk off selling ahead of the FOMC announcement.
Matthew Bresnahan and Marlin Bohling bring you a mid-market update: December corn’s rally stalled at the early July gap, though the bull structure remains intact. Meanwhile, cattle futures are stuck in a rangebound trade for the first time in a while.