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The farm equipment auction world is seeing a wave of farmer interest in hay tools, loader tractors, lower-cost machines and specialty niche equipment, like sugar beet harvesters and hay bale steamers.
A WARN notice has been removed after showing layoffs of nearly 1,000 employees at Deere’s East Moline location.
The National Corn Growers Association has issued a call to action to Congress and the Trump administration to help find demand for the 16.7 billion bushel corn crop.
Darin Newsom, senior market analyst with Barchart, Inc. says fund or managed money traders have stepped back in as the market is coming back to the reality that the grain fundamentals are bearish.
One concern cited is that USDA tends to aim too high with its August yield estimates, based on what the data shows from the past decade. The other concern is how strong demand will be, given corn carryover projections.
Oliver Sloup & Marlin Bohling are back with Markets on the move, breaking down Wednesday’s close and the action across the ag markets. Soybeans led the way higher, but it was corn that may have been more impressive. Is the low in? Cattle volatility remains high with average daily ranges expanding, while lean hogs remain rangebound.