LEMKEN France moves into new premises

Mar 15, 2017

LEMKEN, the specialist for agricultural technology, invested in a new sales and service site in Boigny-sur-Bionne near Orleans. France is LEMKEN’s most significant market after Germany. The company’s largest subsidiary therefore now not only has a prestigious location, but also more opportunities to present LEMKEN’s comprehensive range of products to local sales partners and farmers and to conduct training events.

LEMKEN invested a total of EUR4.5 million in this sales and service office. The customer and spare parts service aspect has been considerably expanded with 1,100 m² of warehousing space and an own workshop, enabling to serve end customers even better and more quickly. With over 1,300 m², the AgroForum, a large exhibition hall, offers plenty of space for demonstrations and events. AgroTraining additionally has a 400 m² hall and four training rooms to be able to familiarise sales partners and customers with the handling and practical application of our technology. Participants in training events can then apply their new knowledge directly on 4.4 hectares of arable land and try out our implements in field use.

A two-storey office building offers plenty of space not only for the team of 43 employees, but also for the future growth of the French sales organisation. Last year alone, the team around managing director Jean-Christophe Regnier grew by four new people. With its new office, LEMKEN has created optimal conditions for continuing to expand its market position in France.

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!

New Holland tractor highlights Ritchie Bros. auction

European farmers using tractors to raise money for good causes