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Steve Hunt Appointed Chairman of the Board for NAEDA

The North American Equipment Dealers Association (NAEDA) is pleased to announce the appointment of Steve Hunt, president of H&R Agri-Power Inc., as the new Chairman of the Board. Hunt succeeds Jared Nobbe, who has served with distinction and provided strong leadership during a pivotal time for the association, including NAEDA’s recent selection of its new CEO, Brett Davis.

“We are deeply grateful to Jared for his dedication and steady leadership during this important transition,” said NAEDA President & CEO Brett Davis. “His guidance ensured a smooth process and a unified board as we move forward in strengthening the voice and value of equipment dealers across North America.”

Hunt brings decades of leadership experience and deep agricultural expertise to his role as chairman. As president of H&R Agri-Power Inc., a Case IH, New Holland, and Kubota dealership with 20 retail locations across Western Kentucky, Tennessee, Mississippi, Northern Alabama, Southern Illinois, and Southern Indiana, Hunt has built one of the industry’s most respected dealer organizations.

In addition to his leadership at H&R Agri-Power, Hunt serves as a board member of Agri-Chem Inc., a member of the Dealer Advisory Board Case IH Crops Committee, and a partner in Hunt Farms and Quarles Spring Farming operations. He also continues his long-time service to NAEDA as a dedicated board member, championing the interests and advancement of equipment dealers across the continent.

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Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?


Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
The final Stats Canada production report was bearish canola and wheat projection a record crop in both (it adds to the global glut of supplies) and bullish local corn and soybean prices in Ontario/Quebec thanks to a drought. It will not help the fund flow short-term, the USDA may need to offset it?
A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.