Strip-Tillers Increase Usage of Precision Technologies in 2023

Jul 13, 2023

trip-Till Farmer's 10th annual benchmark study of strip-till practices conducted in early 2023 shows that more strip-tillers plan to use precision technology in 2023 and beyond.

41% of survey respondents currently use variable-rate seeding, while 39% use variable-rate fertilizer. But 55.3% of survey respondents plan to use variable-rate seeding next year, up 5 percentage points from the previous survey in 2022 and 15 percentage points from 2021. Some 53% plan to use variable-rate fertilizer application next year, down nearly 2 percentage points from 2022, but up just over 7 percentage points from 2021.

26.2% utilize remote service/support, up just over 13 percentage points from 2022.

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Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
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U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
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After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
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It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!

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