It’s been seven years since corn was above $6 dollars per bushel, and a sales manager with Case IH says buying patterns have changed dramatically in the years that followed. While the rush on new equipment fizzled out, Tony Randall tells Brownfield used machinery has gained in value. Continue reading Low commodity prices bring stability …
Category: Ag News
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Aug 01
CLAAS launches new products, including its ‘next-generation’ LEXION combine
CLASS of America is adding several new products to its equipment lineup, including its “next-generation” LEXION combine. According to CLAAS, the new LEXION combine “has exceptional capacity to harvest all types of crops in all types of conditions, covering more acres per hour and achieving even better grain quality while protecting against overloading. The APS …
Jul 31
Parson going on Australia trade mission
Missouri Governor Mike Parson is going on a trade mission to Australia tomorrow to promote Missouri and explore infrastructure strategies. In Melbourne, Parson will take part in a panel discussion with ag industry officials about ag-tech trends and investments in the U.S. Parson says Australia is a leader in the infrastructure asset recycling industry and …
Jul 31
Kubota unveils M8 Series, its largest ag tractor ever
Kubota has rolled out its largest utility agriculture machine yet. The company Wednesday unveiled the M8 Series tractor, its largest agriculture tractor ever built. The 200 plus-horsepower tractor is part of Kubota’s strategy to be a player in the North American large utility tractor market. Continue reading Kubota unveils M8 Series, its largest ag tractor …
Jul 31
Coalition asks Court to force EPA’s hand on waivers
A coalition has taken the next step to force the EPA to account for biofuel volumes lost to small refinery exemptions. Renewable Fuels Association CEO Geoff Cooper tells Brownfield a group of ag and biofuel groups has petitioned the U.S. Court of Appeals for the District of Columbia to lift a stay on litigation filed …
Jul 31
Cheese markets and EU limiting $18 potential
An ag marketer says rangebound cheese markets have limited Class III milk from pushing past the $18 mark. “As we talk about the month ahead, which is what the September and October milk markets are constantly having to do, we find a lot of buyer resistance.” Mike North, president of Commodity Risk Management Group, tells …
Jul 31
Hog futures mostly limit down
Chicago Mercantile Exchange live cattle futures were sharply lower with pressure from the lower midday boxed beef and the drop in hogs, ahead of the week’s widespread direct cash business. Some light trade did develop during Wednesday’s session. August was down $1.20 at $106.90 and October was $1.42 lower at $107.65. Feeder cattle were down …
Jul 31
Persistent dryness and cool temps threaten yields
The weather is starting to swing too dry after the very wet start to the planting season. The U.S. Drought Monitor reports pockets throughout the “I” states of Indiana, Illinois, and Iowa, as well as Missouri and Michigan, have abnormally dry conditions. “It is untimely dryness that has dried and crusted topsoils and that has …
Jul 31
Illinois Farm Bureau President encouraged by trade talks
Illinois Farm Bureau President Richard Guebert says the Trump administration’s trade talks with China and Japan this week have been encouraging. “But, the devil is in the details, we’ve got to see it. We have heard this story before. We need to see actions of actual purchases being made.” He tells Brownfield Illinois farmers are …
Jul 31
Ethanol stocks climb to record level
U.S. ethanol stocks hit a record high last week. The U.S. Energy Information Administration says the supply of 24.468 million barrels was up 779,000 on the week, even with blending demand running ahead of year ago levels, as the industry continues to struggle with margins and wait for an EPA decision on small refinery waivers. …