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AEM Data Says Unit Sales of 4WD, Row-Crop Farm Tractors Continue Growth in August

Heavy duty row crop tractor unit sales continued to increase in the U.S., while overall farm tractor unit sales in the U.S. and Canada declined in August, according to the latest data from the Association of Equipment Manufacturers (AEM).

In the U.S., 100+ horsepower 2WD tractors and 4WD tractors were the only segments to grow year-over-year. Both those segments along with self-propelled combines remain positive for the year. The biggest overall growth among tractors happened in 4WD units, growing more than 20% in August.

“North American row-crop farmers continue to add and adopt new technology to their equipment fleets to help reduce costs and improve yields,” said Curt Blades, senior vice president, industry sectors and product leadership at AEM. “The appeal of the newer equipment centers on improved fuel efficiency, better GPS technology and improved automation features, which is why farmers are continuing to make these investments.”

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USDA Crop Reports/Trade Deals a Bust + Monster U.S. Corn Crop = Lower Prices

Video: USDA Crop Reports/Trade Deals a Bust + Monster U.S. Corn Crop = Lower Prices


StoneX projects a monster U.S. 2025 corn yield at 186.9 bpa, while the USDA provided no big surprises in the July crop report. A lack of U.S. trade deals/ag purchase agreements after 3-months but rather an escalation/threat in tariffs with 30% to Japan, 25% on South Korea, 35% for Canada and 50% for Brazil/copper is weighing on fund ag sentiment.

Regardless, funds after 3 years continue to chase and pile into Bitcoin ETF’s and the AI trade with NVDA both at new all time record highs and NVDA hitting the $4 trillion market cap first.

U.S. weather remains non-threatening for July and dry areas of Northern Illinois are getting rain.

Western Canada is expected to get periodic rains every 3-4 days with no excessive heat, but farmers are complaining that the rain chances very seldom materialize.

U.S. border to Mexican feeder cattle closes again to screwworm and should remain closed but this combined with new U.S. tariffs for Brazil means less supplies and a continuation of the bull market in cattle.