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Layoffs are slated to hit the Des Moines, Iowa, Bridgestone-Firestone plant where the majority of Firestone’s line of agricultural tires are produced. The exact number of affected employees has not been confirmed.
Grains back lower as wheat drags down corn and soybeans and Randy Martinson, Martinson Ag, says funds are back in sell mode. Cattle are trying to bounce awaiting cash news while hogs are mostly lower again.
John Deere has had a busy 2024 thus far, but a large round of employee layoffs are taking place in Iowa.
Corn and soybeans see double digit gains on short covering and talk of China biz says John Payne, Advance Trading, while wheat struggled. Cattle were hit by more bird flu news, hogs reversed off new lows.
Corn and soybean futures prices saw big rallies in Thursday’s trade but have so far failed to find any follow-through to the upside. Was Thursday’s trade just a relief rally or is there more upside to come?
Machinery Pete shares five thoughts for young farm leaders.