Deere & Co. says it expects equipment sales to fall further as lower grain prices discourage farmers from buying tractors, harvesters and other machinery. Shares of the world’s largest farm equipment maker fell as much as 4 percent in premarket trading.RELATED CONTENT
Retail prices for U.S. beef and pork, already at record highs, will increase significantly again in 2015 on a combination of disease and the drought in Southern Plains, the U.S. Department of Agriculture says.RELATED CONTENT
The farm equipment and implement business is bracing for a correction in corn- and soybean-dependent areas of the region. Dealers expect to be buoyed by livestock-related diversification, turf and construction areas in 2015.
WINNIPEG, Manitoba — There’s no big pull from the trade for canary. Many processors are still handling canary they wanted to move last summer but had been delayed, usually because transportation wasn’t available.
Wheat struggled last week, almost giving back all of its gains from the previous week. For the week ending Nov. 20, December Minneapolis dropped 4.75 cents, December Chicago slipped 13.25 cents and December Kansas City dropped 3.25 cents.RELATED CONTENT
Wheat traded with gains every session last week.RELATED CONTENT
The U.S. Department of Agriculture’s October supply and demand report cut the American corn crop by 70 million bushels on slightly lower yields.
American Crystal Sugar Co. has come out with an initial payment projection of $37 per ton for 2014 crop beets — a dollar lower than last year’s projection at this date and likely a money-loser for farmers and shareholders, if realized.
U.S. wheat supplies for 2014 to ’15 are down 10 million bushels, based on updated production estimates for the states resurveyed following the Sept. 30 small grains report.
New numbers from the U.S. Department of Agriculture confirm what Upper Midwest farmers already thought: South Dakota and North Dakota enjoyed record spring wheat yields this year.
Upper Midwest farmers are wrapping up harvest. Now, with help from government employees, agricultural economists and others, they’re beginning their next big task.RELATED CONTENT
WINNIPEG, Manitoba — Canadian pea production this year was down 13 percent from a year ago. The carry-in was not burdensome. Exports are moving well, ahead of last year’s pace.
Wheat started last week with gains, but slipped lower for the rest of the week. For the week ending Nov. 6, December Minneapolis dropped 20.25 cents, December Chicago slipped 12.25 cents and December Kansas City gave back 14.75 cents.RELATED CONTENT
World food prices edged lower in October, after a series of sharp declines, as prices of oils and sugar rose while dairy and meat prices fell, the UN’s food agency says. The Food and Agriculture Organization’s price index, which measures monthly price changes for a basket of cereals, oilseeds, dairy, meat and sugar, averaged 192.3 points in October, down 0.2 percent from September.
The October Agricultural Production Index is 98 percent of its 2011 base, down 8.4 percent from the September index and 2 percent below the October 2013 index.