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National Farm Machinery Show Sets Record

 
The 2018 edition of the National Farm Machinery Show (NFMS) closed Saturday with an increase in attendance and ticket sales, and a record number of new exhibitors and exhibit sales.
 
Over 314,000 attendees packed the Kentucky Exposition Center for the four-day event that celebrated 53 years of providing the agricultural industry’s latest and most comprehensive display of equipment,services and technology. With the largest number of exhibitors in its history, NFMS spanned more than 1.3 million square feet filling 920 booths, for an increase of 40 exhibitors.
 
Celebrating its 50th anniversary, the Championship Tractor Pull attendance was the largest number in recent history. Over 67,000 tickets were sold to the five performances in Freedom Hall. During the Saturday night finals, a ceremony honored past participants and the organizers of the first tractor pull. In a half-century of growth, the invitation-only tractor pull now draws the nation’s top drivers competing for the title of Grand Champion and more than $200,000 in prize money.
 
“For over half a century, the National Farm Machinery Show has delivered on its purpose to provide solid information and cutting edge technology to the farming community,” said Don Parkinson, interim CEO of the Kentucky State Fair Board. “The largest indoor farm show along with the longest running championship tractor pull in one venue is unique to Kentucky and we look forward to another 50 years of championing agribusiness here in the Commonwealth.” Parkinson also serves as Secretary of the Tourism, Arts & Heritage Cabinet.
 
As the nation’s largest indoor farm show, NFMS brings an economic impact of $17 million to Louisville annually, filling local hotels and restaurants with attendees from across the country and around the world.
 
NFMS is owned and produced by the Kentucky State Fair Board.
 
Source : National Farm Machinery Show

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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!