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Ritchie Industries Inc. Acquired by Granite Creek Capital Partners

Ritchie Industries Inc., which offers a wide range of advanced livestock watering solutions for the beef, dairy, equine and other livestock sectors, was acquired by Granite Creek Capital Partners. 

Rob Amundson, CEO of Ritchie commented, “Working with Prairie throughout this process has been an exceptional experience. Their deep industry and ESOP knowledge, attention to detail and strategic insight were invaluable in helping us navigate this important transaction. We are grateful for their guidance and support, which played a key role in bringing us together with Granite Creek and Rural American Fund while positioning Ritchie for continued growth and success, which is especially critical in times of planting and harvesting.”

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Despite a Super Strong El Nino the early South American soybean planting pace is ahead of schedule.
The long-term forecast looks dry for the North but wet for the South including Argentina.
China bought 1.5 mmt of U.S. soybeans this week with rumors of 2 mmt and now at 68% of 25 mmt commitment.
The question mark remains the Chinese pledge towards the $17 billion in ag purchases.
NOPA weekly crush report was lower than expected. Another hot U.S. wholesale inflation print this week.
Investors rotating out of AI
Weak U.S. pork demand weighing on hogs
+ CFTC.