“The October WASDE report indicates increased production for corn, wheat and soybeans, along with a reduced pricing outlook for corn. USDA estimates imply 2014-15 cash crop receipts will now decline 16.6% year-over-year, moving lower compared to the September estimate, and continues to support our negative outlook on ag machinery demand,” C. Schon Williams, analyst for BB&T Capital Markets, said in an October 10 note to investors.
With the October World Agricultural Supply and Demand Estimates…
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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.
