“The recovery in corn prices from the early September lows took a step back with the October World Agricultural Supply Demand Estimate report that once more showed higher than expected corn production and yield,” said Mircea (Mig) Dobre, analyst for RW Baird, in a note. “In our view, the risks to the harvest are rising and we think corn prices remain upward biased. Higher corn prices would be positive for machinery demand into 2020.”
Dobre…
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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.
