Corn
Gulke says next week’s action in corn futures is important because a continued rally could provide the first buy signal in the corn market in over six months.
Chip Nellinger, Blue Reef Agri-Marketing, says grains rallied with corn leading the charge on end of month short covering and ahead of a long holiday weekend.
Farm machinery manufacturers are releasing details on Model Year 2026 balers and hay tools that feature increased automation, data integration and enhanced designs to help cover more acres in a single day.
The onset of drought and disease are causing growing concerns about the size of the U.S. corn and soybean crops this year. Analysts caution while the crops may be going backward in terms of yield, it’s possible USDA actually raises its yield estimates in the September report.
Scott Varilek with Kooima Kooima Varilek says live and feeder cattle futures saw end of month profit taking on Thursday and some follow through selling to start Friday.
The Midwest crop is being pushed into black layer (R6) prematurely in some areas in ways that are easy to confuse with normal drydown factors.
Inflation adjusted cost of production for corn has been consistently high since 2012
Don Roose, U.S. Commodities, says grain futures all ended slightly higher Thursday with end of month positioning and profit taking.
AGCO’s Fendt brand has added four models of row crop tractors ranging from 426 hp to 550 hp and the first-ever stack fold planter. And both new offerings are jam-packed with PTx precision technologies.
With interest rates and expenses high and commodity prices still low, marketing and social media promotion is necessary to pull every last dollar of revenue out of good conditioned, used machines on the auction circuit.