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“The value of drones on the farm, as high as it is today,” says Russell Hedrick, “will soon go up to levels not even imagined yet.”
While farmers are facing higher fertilizer prices due to the Iran conflict the inability to move fertilizer through the Strait of Hormuz is also threatening spring supplies.
Grains futures all made new highs for the move in the overnight session but could not hold on to gains during the day says Garrett Toay of AgTrader Talk with a pick up in farmer selling.