Farm Progress Show 2016 Highlights and New Products.

Sep 04, 2016

By Joe Dales, Farms.com

The Farms.com team participated at the Farm Progress Show near Boone, Iowa this year and was impressed with many of the new products and services. The week started off with some threatening weather in Iowa but the last two days of the show were perfect, not too hot and nice sunny days. The farmer’s were in a decent mood, big corn and soybean crops coming but there was definitely a concerned feeling about the future business impact on everyone’s farms with low grain prices.

Here are a few highlights that had farmers talking.

1. Futuristic Case IH Autonomous Tractor Concept Unveiled.

Farmers and industry professionals flocked to the Case IH exhibit and expressed their thoughts and opinions on the new cabless, driverless Magnum concept tractor. An interesting new concept that illustrates some of the new technologies being incorporated into the farm machinery of the future.

New Tribine Harvester Introduced And Demonstrated.

One of the busiest exhibits was the Tribine display where many farmers got to see the bright orange TRIBINE Harvester in person.The new combination of combine and 1000 bushel grain cart was a popular discussion topic. We were able to do a video news interview with Ben Dillon the President of TRIBINE for an overview of the new machinery.

3. Farm Progress Show Corn Harvesting and Tillage Demonstrations.

Farmers love to watch all of the new combines, tractors, grain carts, tillage tools and grain head technologies in action.The weather cooperated on each day and while the corn could have used a few more weeks to fully dry down, the combines did a great job of harvesting.

Here is a play list of some of the Farm Progress Show corn harvest demonstrations and tillage demos.

New Machinery Product Introductions from John Deere, Case IH, AGCO, CLAAS and more.

The machinery companies often use the Farm Progress Show to launch new products and this year’s show did not disappoint.John Deere had a series of new product announcements, Case IH stopped the show with the Autonomous Tractor , AGCO unveiled the high horsepower Challenger 1000 tractor and CLAAS Xerion Series tractors were on display and in the Corn Harvest demonstrations.

New Products, Services and Innovations.

The Farms.com was able to interview a number of exhibitors who provided updates on many new seed, crop protection, software, unmanned aerial systems and services.The video interviews will be presented on Farms.com over the next few weeks.

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.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
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.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
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.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
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!

Benchmarking program compiles data from hundreds of thousands of pigs

Purdue University receives neonicotinoid research grant