Yesterday, USDA reported that 71% of the corn crop was in “Good” or “Excellent” condition, below last week’s 73%, but in line with last year’s 71%.
Corn, soybean and wheat futures prices rose over the past week. ?Corn prices increased 6% over the past week and are 5% above year ago levels. Soybean prices rose 1%, but are down 20% year-over-year. Wheat prices rose 8% and are up less than 1% year-over-year.
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In this episode of On the Record, brought to you by Benzi America, we take a look at results of the 2024 Brand Loyalty study. In the Technology Corner, we examine how USDA’s use of ag data raises privacy concerns. Also in this episode, a look at the ag equipment companies that made the Industry Week U.S. 500 report and JP Morgan analysts say the rate of decline in the ag industry is expected to decrease.
Montag is the industry’s innovative leader for precise, accurate metering of fertilizer, seed and other nutrients. The Montag system has become the standard for deep banding of fertilizer. Montag is also pioneering the technology for cover crop seed application. The new Cover Crop+ is able to meter the smallest seed, and can be mounted to tillage implements, combines, plus Hagie sprayers and detasselers.
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