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The price of new machinery pulls up on the price of used equipment - but this effect is quickening.
The path U.S. consumers expect inflation to take over the next year softened in November to the lowest level in more than two years.
AgDay TV Markets Now: Dave Chatterton, Strategic Farm Marketing explains the big rally in soybeans Monday and why corn and wheat weren’t able to follow.
Soybeans rally building back Brazil weather premium, with wheat down for the second day on profit taking and corn follows. Cattle futures extend gains. Dave Chatterton, Strategic Farm Marketing, has more.
In October, USDA said the average value of U.S. cropland (irrigated and nonirrigated) was $5,460 an acre in 2023--an increase of 8.1% from 2022. High-quality ground is selling for two to three times that.
West Texas is the largest cotton production area in the country, but after battling drought and heat, area farmers say the dryland crop is a failure, and the irrigated acres are only yielding half of normal.