Evening Edition | Wednesday, November 23, 2022
In this Thanksgiving Eve Evening Edition, catch up on news about a dairy farmer elected to Congress, Ukraine's wheat exports, Deere's earnings, and top stories this week.
David Valadao to Congress
Chuck Abbott reports on California dairy farmer David Valadao's defeat of Democratic state legislator Rudy Salas for a fifth term in the House representing the agriculture-rich Central Valley.
The victory expanded the GOP majority in the upcoming session to 219 seats — a one-vote cushion — with four races yet to be decided.
Read more about the election in the article linked below.
Ukraine is able to export 13 million tonnes of wheat and 20 million tonnes of corn in the 2022-2023 July-June season, Ukrainian grain traders union UGA said on Wednesday.
The country's grain output could fall sharply to 51 million metric tons in 2022 from a record 86 tons due to the Russian invasion.
Read on for how much wheat has been exported so far.
Deere & Co. Earnings
Deere & Co on Wednesday posted a quarterly profit that easily beat Wall Street estimates with strong sales accelerated by price hikes for its agriculture and construction equipment.
The company's shares surged to a record high after the report, and were last up 6.4% to $443.09 in morning trading.
In the article, read about rival Caterpillar's third-quarter results.
Top Stories This Week
Significant areas of Ukraine's corn crop may be left to overwinter in the fields.
APK-Inform said in a report that the prospect for a large part of the corn crop to stay in fields this winter was "becoming more and more possible" due to low domestic prices, difficulties with field work caused by the war and high fuel prices.
Editor Alex Gray reports on John Deere's expanded line of specialty orchard and vineyard tractors.
The 5EN and 5ML series received the updates and are available to order now.