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The 2024 AEM manufacturing express – Celebrating Agriculture Manufacturing

The 2024 AEM manufacturing express – Celebrating Agriculture Manufacturing

By Farms.com

This summer, the Association of Equipment Manufacturers (AEM) is launching a groundbreaking tour - The AEM Manufacturing Express. From the starting point in Knoxville, Iowa, to the final celebration in Milwaukee, Wisconsin, this initiative will traverse over 20 states, spotlighting the crucial contributions of the equipment manufacturing sector. 

The tour is proud to feature a stellar roster of agriculture leaders: AGCO Corporation, CLAAS of America, CNH Industrial, Crenlo Engineered Cabs, Deere & Company, Elliot Equipment, Great Plains Manufacturing, Harper Industries, Hydrabed, Kinze Manufacturing, Kondex Corporation, Krone, Kubota Manufacturing of America, Kuhn North America, The Toro Company, Trimble, Vermeer, and Woods Equipment. This diverse group represents the breadth and depth of the industry, including agricultural machinery and equipment. 

At the heart of the AEM Manufacturing Express are the stories of innovation and resilience that define the sector. Visitors will be treated to an interactive game that delves into the advanced technologies shaping the future of equipment manufacturing, alongside showcases that highlight the critical role of this industry in the global economy and everyday life. 

The tour is more than a series of events; it's a mobilized platform for dialogue with policymakers, an educational journey for communities, and a celebration of the industry's workforce. In a year of significant political activity, AEM's initiative aims to amplify the voice of the manufacturing sector, advocating for supportive policies and recognizing the industry's ongoing contributions to innovation, infrastructure, and agriculture. 

Through the combined efforts of AEM, its member companies, and sponsors, the AEM Manufacturing Express is set to forge a path of awareness, appreciation, and advocacy, highlighting the dynamism and importance of equipment manufacturing in America.


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U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again


The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!