Commodities

Corn, Soybean Harvest Pick Up the Pace

Compared to a week ago, as of Oct. 28, corn and soybean harvests saw a significant double-digit pick up. According to USDA’s most recent Crop Progress report, 63% of corn acres have been harvested.
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Rain Slowing Corn, Soybean Harvest

The condition of this year’s soybean crop was downgraded by 2 percentage points, while no change was registered for the corn crop as of Oct. 14, 2018, according to the latest Crop Progress report from USDA.
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Trade War to Cost Alfalfa Producers $377M

China buys about 1.2 million metric tons of U.S. hay per year. It’s the number one export market for alfalfa hay and is second to only Japan for U.S. hay. The demand for hay mostly comes from dairies in China. The summer months are often down for trade as China is able to produce their own hay, but they rely on the U.S. in the fall and winter.
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USDA Expects Whole Soybean Exports to Rise

According to the Economic Research Service of USDA May 2018 Oil Crops Outlook report, in the 2018-19 marketing year (Sept.–Aug.), total U.S. exports of soybeans (whole, meal and oil) are expected to increase by over 8% provided normal trade relations with other countries.
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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.

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