John Deere Gets Access to Competitor Data in FTC Case

John Deere will have access to confidential business information from several of its competitors after those companies fought in court to prevent the release as part of ongoing anti-trust, right-to-repair lawsuits. The court said an existing confidentiality agreement in the case would protect the companies’ interests against misuse of the information.

Corn Futures Dipped Below $4 on Wednesday

Corn futures fell below $4 a bushel (on Wednesday) to the lowest level in about 11 months as favorable US weather continued to weigh on prices ahead of a key report due next week that could show eye-popping yields. As of Thursday morning, corn is back above $4.

Trade Tensions, Biofuel Uncertainty Hit Agribusiness Profits

Ongoing trade tensions and uncertainty about U.S. biofuel policy contributed to second quarter profits hitting multi-year lows for a number of crop trading companies — including Archer-Daniels-Midland and Bunge Global SA — while ag equipment manufacturers warned those trade tensions will begin increasing equipment prices in the second half of the year.

Beef Prices Soar to Record Highs in June

Ground beef prices across the U.S. continue to reach new highs, driven by shrinking cattle herds, with looming import restrictions threatening to push costs even higher. The average price of a pound of 100% ground beef rose to $6.12 last month, up from $5.98 in May.

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