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KIOTI Tractor Hosts Successful “Strength of the Pack” Dealer Meeting

 
KIOTI Tractor, a division of Daedong-USA, Inc., recently held its largest North American dealer meeting to date with more than 500 attendees. KIOTI’s annual dealer meeting took place in Raleigh, N.C. and opened with a welcome reception highlighting KIOTI’s newest products, including the CK10SE and DK10SE tractor series, K9 UTV series and two new series of zero turn mowers, the ZXR and ZXC.
 
The theme of this year’s meeting was “Strength of the Pack”, which was apparent throughout the event as dealers came together to learn more about KIOTI, its products and capabilities, its parent company, employees and partners. “We always look forward to our yearly dealer meeting, but this year’s theme was particularly special to us,” said Peter Dong-Kyun Kim, president and CEO of Daedong-USA, Inc. KIOTI Tractor Division. “The collective strength of the KIOTI Tractor pack will be what drives our future success.”
 
During the meeting, KIOTI introduced several of its partners to the dealer community, including: DLL Financial Solutions Partner, Briggs & Stratton, Kohler Co., Normand Co. Ltd, Woods Equipment Company, Home Team Sports and Raycom Media, Inc. Dealers were given the opportunity to speak with the partners, ask questions and become familiar with their products and services. Chief Economist Anthony Chan from Chase Bank provided an economic review on the status and future of the agriculture industry. One evening, dealers toured KIOTI’s newly expanded headquarters in Wendell and learned more about future expansions during a “KIOTI County Fair” complete with local food vendors, games, prizes and music.
 
Dealers met at the N.C. State University Field Laboratory where they had the opportunity to test current and new products, experiencing the quality, performance and features of KIOTI’s equipment, side-by-side with competitive models. Dealers were able to learn more about North Carolina’s agriculture industry from the Commissioner of Agriculture, Steve Troxler. “Agriculture and agribusiness represent North Carolina’s No. 1 industry, and it is a powerful economic driver generating $84 billion for the economy,” remarked Troxler. “When you take a closer look at the production side of agriculture and you see the many businesses that assist farmers in producing, selling and distributing their products, you get a better understanding of the local, national and global reach of agricultural production.”
 
The annual meeting concluded with an awards banquet to congratulate dealers for their successes, including recognition of more than 40 ‘Million Dollar’ Dealers and several first time 5-Paw Dealers. The 5-Paw certification is part of a dealer excellence program created with the goal of recognizing, rewarding and motivating KIOTI’s best dealers.
 
“Each year, the KIOTI Tractor dealer meeting provides an excellent opportunity for everyone to come together to discuss new products, share ideas, network and learn from key industry influencers,” said Kim. “The 2017 meeting allowed us to celebrate all that we have accomplished over the past year while further increasing the strength of the pack.”
 
Source : Kioti

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Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”


After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!