AGCO Congratulates Former Georgia Governor Sonny Perdue on Appointment as the United States Secretary of Agriculture

 

AGCO, a worldwide manufacturer and distributor of agricultural equipment and solutions, congratulates the Honorable Sonny Perdue on his recent appointment as the United States Secretary of Agriculture. As Secretary of Agriculture, Mr. Perdue will provide oversight of a department with far reaching responsibilities including providing leadership on food, agriculture, natural resources, rural development, nutrition and related public policy issues.

 

“We are excited that the former governor of our home state of Georgia was selected for this position,” said Martin Richenhagen, Chairman, President and CEO of AGCO. “Sonny Perdue has been an advocate for farmers and agri-business his entire career and his expertise and personal experience will be a great asset in supporting a brighter future for American farmers and agri-businesses like AGCO who are working to feed a growing world population.”

 

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.