Overall unit sales of U.S. combines climbed 10.6% compared to July 2022, while sales of tractors declined 5.2% in the same month in 2022, driven largely by softness in the smaller horsepower segment.

In its most recent update, Purdue University and CME Group's Ag Economy Barometer rose by 2 points to a reading of 123, primarily due to farmers' improved perception of current conditions. 

In August, the index fell from –7 point to –22 points, one of the sharpest declines in the history of the survey.

In this podcast, we take a closer look at the used combine market. In the Technology Corner, Noah Newman talks about the versatility of drones with a Corn Belt farmer who owns and operates his own aerial application business. Also in this episode, AGCO and CNH Industrial released their second quarter earnings this week.