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The sheer volume of high-to-record auction prices for used equipment in good condition has been nothing short of amazing.

Check out how this tractor sold on Oct. 1 in Nebraska

Grains lower on technical selling and the risk off in outside markets w/rising COVID cases in China. Cattle open higher w/bullish COF report, hogs mixed. Michelle Rook w/Allison Thompson of The Money Farm.

Food prices will probably decline next year, even as global crop stockpiles stay very tight, especially for oilseeds, said David MacLennan, CEO of Cargill.

Market Watch is a weekly overview of the ag markets compiled by Brugler Marketing & Management. It is not intended as trading advice. Call 402-697-3623 for more info on other Brugler products and services.

Volatility was the headline in the commodity markets this week. From fears Russia was invading Poland to then news the U.N. Grain Deal would be extended, the commodity markets saw extremes.

Most now look for President Biden to increase his use of executive orders and regulations to fulfill some other goals, including those in the coming farm bill.

If Upside gets USDA approval next, the company said it could start pumping out 50,000 pounds of “no-kill” meat products every year.

A long-held belief is that it’s best to be “long-iron and short-taxes.” That’s likely to limit downside risk in the used equipment market through the end of the year.

The Black Sea Grain Initiative has been extended for 120 days from Nov. 18, without any changes. The deal is bearish for U.S. corn and wheat exports, which are already lagging.