
Spencer Smith, AFM, ALC
@SpencerALC
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Professional Farm Manager, RE Broker, and Auctioneer #RB4L
Illinois, USA
Joined May 2009
Since 2000 #corn yield +35% Farm price +110% Cost to plant an acre +230% That math doesn't work and rural America is feeling the pinch more with each passing day This week's HOT TAKE takes a look at the not-so-fun reality of farm economics as we embark on a new marketing year
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Much drier than I anticipated after hand-shelling 28% Monday…
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"Super" cold to continue through this week, with many records falling along the way. And after temps hit below zero in N MN and into Canada Thursday evening, Canada gets some snow!
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JUST IN 🚨: U.S. Stock Market hits its most expensive valuation in history, surpassing the Dot Com Bubble and the run-up to the Great Depression 🤯
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The Pro Farmer Crop Tour puts the Illinois corn crop at 199.57bpa. Here is the adjusted statewide number using the average miss from the route to the statewide. 199.57 #pftour25 203.77 statewide adjusted by the average miss 221.00 USDA August Projection Visit
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Corn export commitments are now 600 MILLION bushels ahead of last year. Sales for next marketing year picking up pace now also and are ahead of the last 4 years.
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With the forecast returning heat as we work through the rest of July, I wanted to show a map of average low temperature ranks from June 16 to July 14. We've had some hot/humid nights across the eastern Cornbelt through the MidAtlantic and Northeast, and I don't anticipate much
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Precip Anomaly Seasonal Outlook for Jun/Jul/Aug. 🌽🌱🌾🐂
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The Malignant Seven stocks are all down year-to-date and underperforming the S&P 500. 180 degree reversal from 2023 & 2024... Meta $META: -13.7% Microsoft $MSFT: -14.5% Amazon $AMZN: -22.1% Google $GOOGL: -23.0% Apple $AAPL: -24.7% Nvidia $NVDA: -29.8% Tesla $TSLA: -40.7%
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BREAKING: Nasdaq-100 futures down 5.4%, S&P 500 futures down 3.84% If this holds, this is the worst three day period in the market since 1987, worse than any three day Covid period.
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Luke Worrell, Worrell Land Services, co-chairs ISPFMRA land values committee. Report on ‘24 values released today. Hear from him and David Kohl today RFD Profit Watch @FarmWeekNow
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REALTORS Land Institute - IA Chapter announced its March 2025 Land Trends and Values Survey results. 1.0% decrease statewide over the past 6 months and a decrease of 6.0% statewide over the past 12 months. IL Land Values and Lease Trends results come out tomorrow.
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