Leading into the report, surveys showed analysts expected USDA to decrease yields. Instead, the agency bumped the national corn yield by a half a bushel and left the soybean yield estimate unchanged, which sparked a bullish reaction in the markets.
When Roscoe Filburn dared to feed his family and cattle without government approval, and USDA fined him $117 for exceeding quota and harvesting 239 bu. of wheat, the Ohio farmer charged into one of the most consequential fights in U.S. history.
From Jan. 1 to Aug. 4, Machinery Pete has seen 66 new to 3-year-old planters sell at auction. Twenty sold during that same time frame a year ago, 10 in 2022, 14 in 2021 and a mere six in 2019.
Farmers in the southern U.S. rushed to harvest cotton and rice ahead of the hurricane's arrival, which made landfall Wednesday as a Category 2 about 60 miles southwest of New Orleans. A state of emergency is in effect for Louisiana and Mississippi.
