USDA released its May World Agricultural Supply and Demand Estimates (WASDE) on May 12, and projected growing worldwide competition will keep downward pressure on prices for the three major crops — corn, soybeans and wheat — for the 2015-16 season.
The USDA’s latest WASDE report introduced initial production estimates for the 2015-16 season. “Pricing metrics for all three major crops are expected to remain relatively weak, as USDA estimates now imply a 10.7% year-over-year decline…
This is subscription content for VIP Members. A VIP membership gives you all things Ag Equipment Intelligence all the time! Compare the three levels of access:
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
Download these helpful knowledge building tools
In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.
