AGCO Appoints Suzanne Clark to Board of Directors

Apr 28, 2017

AGCO, Your Agriculture Company, a worldwide manufacturer and distributor of agricultural equipment, announced today the election of Suzanne Clark, Senior Executive Vice President of the U.S. Chamber of Commerce, to its Board of Directors effective immediately. Ms. Clark will serve on the Compensation and Succession Planning Committees.

“We are delighted to have Suzanne join our Board of Directors,” said Martin Richenhagen, Chairman, President and CEO of AGCO Corporation. “She brings extensive leadership experience, entrepreneurial spirit, and a wealth of political and regulatory knowledge which will provide an important perspective and contribution to our board.”

Prior to re-joining the US Chamber in 2014, where she had previously served as Chief Operating Officer, Ms. Clark acquired and led a prominent financial information boutique – Potomac Research Group (PRG) -- which was recognized by the Inc500 as the 135th fastest growing private company in 2013. Before taking the helm at PRG, she joined the Atlantic Media Company as President of the National Journal Group, a premier provider of information, news and analysis for Washington’s policy and political communities. She is a member of the Board of So Others Might Eat, a Washington, D.C. support system for the homeless. She is the former President of International Women’s Forum (Washington Chapter), a global group of leading women in business, law, government, technology and the arts. Clark was named one of Washingtonian Magazine’s “100 Most Powerful Women in Washington”. Ms. Clark earned a B.A., magna cum laude, and an M.B.A. from Georgetown University.

Source : AGCO

Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
The final Stats Canada production report was bearish canola and wheat projection a record crop in both (it adds to the global glut of supplies) and bullish local corn and soybean prices in Ontario/Quebec thanks to a drought. It will not help the fund flow short-term, the USDA may need to offset it?
A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.