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October WASDE Seen as Bullish for Ag Equipment Sales

A confluence of factors — from rising ag commodity exports to China, to lower crop production estimates and increasing demand for meat — are converging to paint a more optimistic picture for ag equipment sales than the industry has seen in recent years.
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USDA Reports 25% of Corn Harvested

According to data from the most recent crop progress report from USDA, one quarter of corn in the U.S. has been harvested, surpassing the 14% that was harvested this time last year and the 5 year average of 24%.
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USDA Reports Over Half of U.S. Corn Mature

According to the latest USDA Crop Progress report, 59% of corn was reported mature as of the week ended Sept. 20, 2020. This is more than double the 26% reported mature in the same week last year and the 5 year average of 49%.
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Condition of Corn and Soybean Decline Slightly

The condition of the U.S. corn and crops deteriorated in the past week, according to USDA’s August 30 Crop Progress report. And of the two largest corn and soybean producing states, Illinois is far ahead of neighboring Iowa in terms of the health of its crops.
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Ag Equipment Intelligence

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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