Along with raising its projected corn yields, USDA’s October 9 supply and demand estimates lowered overall cash receipts for corn and soybeans for the 2009-10 crop year. Analysts believe this is a negative for future equipment sales.
According to the agency’s most recent report, final grain production for the 2008-09 crop year was mostly in line with trade expectations, but it revised 2009-10 corn yields up to 164.2 bushels per acre vs. its prior forecast…
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, 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.
