On June 12, USDA issued its monthly World Agriculture Supply and Demand Estimates. While the agency lowered it 2013-14 forecast for corn ending stocks by 3%, it remained 7% above industry consensus.
Lower Corn Stocks. The new corn estimate calls for 1,949 million bushels, down from 2,004 million bushels from its previous outlook. Consensus estimates were for 1,819 million bushels. At the same time, the ag agency raised the midpoint of its corn price forecast…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
