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Fifty-three percent of agricultural economists surveyed in the July Ag Economists’ Monthly Monitor say the row crops side of agriculture is currently in a recession, which is down from the 72% who responded that way in May.
NCGA’s Krista Swanson says it would take about 226 bu. of corn to buy a ton of ammonium phosphate, which is up from the 180 bu. it took at the beginning of this year. As fertilizer costs are on the rise, corn prices are now at or below $4, and it’s creating a grim outlook for 2026.
Two global factors could break the trend, while a focus on efficiency could bring short-term opportunities for farmers
A new federal rule proposed this week would make it easier for companies to use drones without having to go through a cumbersome waiver process.
Corn, soybeans and wheat each saw an extension of recent strength early in the overnight session before testing technical resistance, which spurred selling pressure as bears continue to hold the near-term technical advantage.
Derecho hits Montana, southern Canada, Minnesota
Corn and soybean acres impacted by drought have declined every week since late May
Agriculture and dairy in particular remain sticking points.