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AGCO Celebrates Manufacturing in Minnesota

 
AGCO (NYSE: AGCO), a world-leading manufacturer of a variety of agricultural equipment products, welcomed the I Make America campaign to its Jackson, Minnesota factory last Friday to celebrate the contributions of manufacturing to the local and national economy.
 
AGCO held the event to help promote pro-manufacturing and pro-agriculture solutions and economic investment as manufacturing voters in Minnesota and across the country prepare to go to the polls in November’s general election. AGCO produces Massey Ferguson® high horsepower tractors, Challenger® track, articulated and wheel tractors and RoGator® and TerraGator® application equipment, at its Jackson facility.
 
“As a leading producer of agricultural equipment, AGCO is excited to join with I Make America to highlight the contributions of the entire equipment manufacturing industry, and call attention to the issues that matter for manufacturers,” said Eric Fisher, director of operations at AGCO in Jackson. “AGCO is proud of the jobs we support here in Minnesota, and we hope to help elected leaders understand how manufacturing helps form the backbone of the American economy.”
 
I Make America is a grassroots campaign launched five years ago by the Association of Equipment Manufacturers (AEM), a global trade association representing manufacturers of farm, construction, utility and mining equipment in North America. I Make America is dedicated to raising awareness of sound public policies that benefit the entire equipment manufacturing industry.
 
“AGCO is an industry leader in farm machinery manufacturing, and it’s only fitting that the I Make America campaign visits Minnesota to showcase the jobs and opportunity that AGCO supports in the Jackson community,” said Dennis Slater, president of AEM. “We hope the I Make America campaign can help to highlight for AGCO employees the need for pro-manufacturing and pro-farming policies, especially during this important election season."
 
In 2016, I Make America will visit over three dozen manufacturers to engage both employees and elected officials on the issues that matter to manufacturers. The tour is supported by a traveling truck featuring a custom interactive experience (which is also available as a smartphone app) that engages players on manufacturing issues at stake this election season.
 
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.