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AGCO Announces Suppliers of the Year Recipients

 
AGCO, Your Agriculture Company, a worldwide manufacturer and distributor of agricultural equipment and infrastructure, presented eight supplier awards during its fourth annual AGCO North America Supplier Day held near its global headquarters in Duluth, Georgia. The event showcased AGCO’s newest equipment including the Challenger 1038 tractor and featured interactive breakout sessions on market trends, supplier performance management systems and network collaboration models. 
 
AGCO’s North America Supplier Day concluded with an Awards Ceremony recognizing top suppliers for their dedication and contribution to AGCO’s success. This year’s awards were expanded to include “Supplier of the Year” for wholegoods and parts as well as direct materials, indirect materials & services, and logistics.
 
AGCO’s leadership team shared updates on the current industry conditions, supply chain advancements and their appreciation for the suppliers, especially the top performers. Bob Crain, senior vice president and general manager of the Americas, commented on the global agriculture market and emphasized trends that are positive for the industry. Josip Tomasevic, global vice president and chief purchasing officer, discussed new product introductions and technological advancements that demonstrate AGCO’s commitment to quality and innovation.
 
Michael Clem, vice president of purchasing and logistics, Americas, highlighted the importance of AGCO’s Supplier Awards ceremony as a celebration of outstanding supply chain relationships in areas such as corporate sustainability, collaboration, and quality. At the same time, nominees were recognized for their commitment to AGCO’s core values of accountability, integrity, respect and transparency.
 
Source : AGCO

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

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.