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Corn falls to 95.3M acres (-3%) while soybeans rise to 84.7M (+4%). Wheat hits a record low 43.8M acres (-3%) and cotton climbs to 9.64M (+4%).
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Jerry Gulke, president of the Gulke Group, says many are skeptical, based on past experience, that China will honor the deal to buy the additional soybeans for this marketing year.
Soybeans were lower by 3 to 4 cents on Friday on profit taking heading into the holiday according to Darren Frye with Water Street Solutions but ended higher for the week.
GDM announces a ‘realignment strategy’ for the U.S. to better position its soybean genetics and recent acquisition of AgReliant Genetics.
John Deere’s Deanna Kovar details how the company is cutting parts costs, adjusting production and responding to EPA moves on Right to Repair and DEF as farm income pressure keeps the ag equipment market in a downturn.
Putting off letting go of the wrong employee often makes problems harder to fix later.
Scott Varilek with Kooima Kooima Varilek says the cattle futures have been chopping back and forth this week and need to take out last week’s highs on the charts to break out and to new highs.
An official with the Chinese embassy in the U.S. confirms President Trump and Chinese President Xi might be getting ready to sign a permanent trade deal when they meet in China in April.
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