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WASDE Offers a 'Little' Surprise

November 10, 2014 | Posted in Commodities

Agriculture will take any good news where it can get it. Yesterday's World Agricultural Supply and Demand Estimates from USDA was less mundane than expected as it helped extend a small run up in corn futures when the ag agency actually trimmed the U.S. harvest

Lower Corn Production No Real Help for Machine Sales

January 1, 2014 | Posted in Commodities

Corn prices got at least a short reprieve from its 40% decline from a year ago on the news that USDA lowered ending stocks to 13.9 billion bushels, a drop of 64 million bushels from previous estimates.

Focus Switches from Corn Production to Demand; Could Improve Outlook for Equipment Sales

December 1, 2013 | Posted in Commodities, Data & Trends

It has been shown that U.S. sales of farm machinery closely correlate with the price of U.S. corn. With the two core components of demand for corn being exports and ethanol, equipment dealers and manufacturers closely scrutinize the trends in both these segments.

WASDE Bearish for Ag Equipment Sales

November 1, 2013 | Posted in Commodities, Data & Trends

USDA increased its estimates of corn and soybean yields and wheat production in its Nov. 8 World Agricultural Supply and Demand Estimates report, which most analysts agree was another bearish sign for farm machinery sales in the year ahead.

WASDE Update Doesn’t Change Analyst’s View for 2014

September 1, 2013 | Posted in Commodities, Data & Trends

USDA raised its estimates of corn and wheat ending stocks, but cut its soybean forecast with its September 12 World Agricultural Supply Demand Estimates report.

Corn Conditions Gives Clues to Yield

July 1, 2013 | Posted in Commodities, Data & Trends

Corn conditions during the growing season is usually indicative of that season’s yield.

Forecasted Corn Yield Lowest Since 1995-96

August 20, 2012 | Posted in Commodities

While opinions vary on the impact the drought will have on farm equipment sales for the rest of this year and next, most analysts agree the lower yields will result in higher commodity prices. This combined with the wider use of crop insurance is likely to blunt a major falloff in ag machinery sales in 2013.

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AGCO Aims for $2 Billion in Precision Ag Business by 2029

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.

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