LEMKEN Canada on new site

Jun 27, 2018

Laurent Letzter appointed Managing Director

After already eight years on the Canadian market LEMKEN Canada has now been transformed from a subsidiary who acts as broker between mother company and dealers to an import corporation that works on its own account. Laurent Letzter, who has been heading the subsidiary since 2010 has been appointed Managing Director. Alongside with this transformation LEMKEN Canada Inc has moved into new premises in St-Hyacinthe (Quebec) which also include a warehouse enabling the spare parts supply for whole Canada.

LEMKEN Canada looks back at a continuous growth due to a consequent market development. Mainly with its cultivators and compact disc harrows, the brand is represented in all provinces where professional farming is possible. That made Canada one of the top five export countries for the German farm machinery manufacturer. Laurent Letzter moved 2008 from France to Canada to promote European farm machinery. With his passion for tillage products and his ability to adapt to cultural differences he has been the motor behind the positive business development. As Managing Director, he aims at making LEMKEN the dealer’s favorite supplier.

The new site in St. Hyacinthe comprises 15.000 SF. With 11.200 SF, the warehouse provides the capacity to ensure the spare parts supply for whole Canada. The still growing team on site consists of seven people including a Parts Manager and a Regional Service manager in order to provide the optimal service quality to farmers and dealers. Sales representatives in the different regions all over Canada form the link between local customers and the company.

Image 1: The team of LEMKEN Canada in the new warehouse with Ralf Bornemann, Export Manager from the German mother company (extreme left) and Managing Director Laurent Letzter (extreme right)

Source : Lemken

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!

Meat industry wants CPTPP passed quickly

Apache sprayer sells after 142 bids