US-Corn-Planting-Progress.png

‘Weather Trumps Trade:’ Analyst Sees Shift in U.S. Ag with Rising Corn Prices

A rapid, meaningful shift is occurring in U.S. ag as extreme weather overshadows the Trade War. Corn has rallied sharply breaking out of a 5 year range as persistent wetness has raised supply concerns. Prices seem poised to move higher; this helps farm economics which should drive equipment demand (equipment buys reduce farmer tax liability, replacement demand is already present).

  • 8% of Corn Acres Remain to Be Planted; 23% of Soybeans

    As of June 16, 92% of U.S. corn was in the ground and 77% of soybeans had been planted. Both remain far behind the normal pace of planting and a high level of uncertainty remains about how much corn will actually get planting at this late date.

  • Revenue Growth Slows for Precision Dealers in 2019

    The 2019 Precision Farming Dealer benchmark study reflects an optimistic outlook from dealers in 2018. At the same time, the report shows weaker sentiments than reported in 2017. This continues a reversal from the upward trend started in 2016 and instead marks a slight pullback in overall market sentiment and revenue growth.
More Editors' Picks

Mergers & Acquisitions

  • Continental Extends Production Facilities in Lousado, Portugal

    Continental, the technology company and manufacturer of premium tires, is expanding their production facilities in Lousado, Portugal, with investments totaling around €100 million The new capacity will be used for the production of radial Earthmoving and Port tires with a diameter larger than 24 inches.

  • Ohio Ag Equipment Agrees to Acquire North Central Ag

    Ohio Ag Equipment announces its intent to acquire the Huron County AGCO dealer, North Central Ag, LLC, on the target date of June 22, 2019. The acquisition of North Central Ag will strengthen Ohio Ag Equipment’s ability to service the ag industry by providing customers in north central Ohio with an exceptional line of equipment and product support.
See More

Earnings Reports

See More

Audio Edition

Sign up for free

Featured Video

Is Titan Ready to Pick Up Acquisition Activity Again?

The latest episode of On the Record is now available! In this week’s episode we discuss Titan Machinery’s renewed focus on acquisitions in the U.S., one annalist’s take on how Blue River Technology could redefine farmer input costs, a double-digit drop in farmer sentiment and mixed results in large ag equipment sales during May. In the Technology Corner, we take a look at how dealers are shifting the way they bill service support.
See More

Data & Trends

See More
Crop Margins 2009-2019

  • Revenue Growth Slows for Precision Dealers in 2019

    The 2019 Precision Farming Dealer benchmark study reflects an optimistic outlook from dealers in 2018. At the same time, the report shows weaker sentiments than reported in 2017. This continues a reversal from the upward trend started in 2016 and instead marks a slight pullback in overall market sentiment and revenue growth.

  • Fed's May Beige Book Reaffirms Descending Ag Conditions

    The most recent Beige Book (May 2019) released by Federal Reserve System included conditions impacting agriculture throughout the country. Overall, it found that agricultural conditions “remained weak” although “a few Districts reported some improvements.”

  • Farmer Sentiment and Financial Conditions Continue to Decline

    The Ag Economy Barometer, an agricultural producer sentiment measure based upon a nationwide mid-month survey of 400 U.S. agricultural producers, dropped again in May. The May barometer reading of 101 was 14 points lower than a month earlier and was the lowest barometer reading since October 2016.

Podcasts

See More

Featured Products

See More

VIP Access

Aei_webarchive_portrait

Get all things Ag Equipment Intelligence all the time!

Start Your Membership