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Ontario breaks ag-implements record, hosts AMC Expo

Leah Olson: First-ever Expo celebrates ag manufacturers

By Paul Nolan
Editorial Director

Leah Olson took a break from today’s conference to offer some insight on why Guelph was a good choice to host the first-ever AMC Expo, which runs from 9 am to 3 pm at the Delta Hotel.



 

“In 2015 Ontario broke the record for exporting the most agriculture implements ever,” explained the president of the Regina-based Agricultural Manufacturers of Canada.

“That’s really exciting and has motivated AMC to be here in Guelph, and we’ve got over 100 people” at the event.

AMC’s mission is to promote the growth and development of the agricultural equipment manufacturing industry in Canada.

As a national, member-driven industry association, AMC lobbies on behalf of members both provincially and federally on key issues in the industry.


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Funds Ditch Ag Commodities, Chase Stocks Amid an End to Middle East War, & Trade Deal Buzz

Video: Funds Ditch Ag Commodities, Chase Stocks Amid an End to Middle East War, & Trade Deal Buzz


The 12-day war between Iran-Israel came to an end sending crude oil futures plunging as the big fund speculators removed the war risk premium.

The weather risk premium in the Ag complex is sending corn, wheat and soybean futures lower on month-end selling ahead of the market moving USDA quarterly grain stocks and acreage reports on June 30th.

Instead, funds were chasing and sending tech stocks higher with the S&P 500/NASDAQ indexes setting new all-time record highs!

June 1 USDA Hogs and pigs report was slightly bearish while the U.S. $ Index traded to new contract lows as the de-dollarization that began in 2014 continues.

Feed in the form of soybean meal futures for livestock producers got cheaper, trading to new contract lows.

The Stats Canada seeded acreage update was bullish canola and wheat.