If Congress doesn't pass stopgap funding, crop production and progress reports will probably stall. That won't bode well for markets. "Usually it means that we've got some selling pressure ahead,” says one analyst.
AGCO and Trimble will form a new joint venture as a $2 billion investment gives AGCO exclusive rights to distribute the Trimble portfolio of ag products.
Corn harvest in Missouri is at 28% complete, with soybean harvest at only 4%. While Missouri was hit by drought this year which will cut yield average, some areas are bucking that trend.
