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Sukup Employees Named as Top Officers for the North Iowa GEAPS Chapter

 
Sukup Manufacturing Co. employees, Brent Hansen and John Hanig are no strangers to the Grain Elevator and Processing Society community. In fact, they both were recently voted in as the top officers of the North Iowa Chapter.
 
Brent Hansen, Sukup’s Commercial Account Manager, has been named President and Sukup Bin Sales Director, John Hanig, has been named Vice President of the North Iowa Chapter of GEAPS. Together, they have over 47 years of industry experience from their time at Sukup.
 
“We are very grateful for their commitment to Sukup Manufacturing Co. and are very proud of their many roles and accomplishments inside and outside of the company,” said Sukup’s Vice President and CFO, Steve Sukup.
 
GEAPS (Grain Elevator And Processing Society) is an 80 year old non-profit professional society and knowledge resource for the world of grain handling industry operations. GEAPS is a close knit coalition of mill and elevator operators. The GEAPS Exchange/Expo is an annual international technical conference and exposition. The largest one of its kind in the world!
 
Sukup Manufacturing Co. is the world’s largest family-owned and operated grain storage, drying and handling equipment manufacturer headquartered in Sheffield, Iowa, and covers 1,000,000 sq. ft. of office, manufacturing and warehouse space. The company employs over 500 people, making it one of the largest employers in North Central Iowa. Three generations of the family are now active in the business.
 
Sukup’s product line includes on-farm and commercial grain bins, portable and tower dryers, centrifugal and axial fans and heaters, stirring machines, bin unloading equipment and bin floors and supports. Sukup also manufactures a
 
line of material handling equipment that includes bucket elevators, drag conveyors and chain loop conveyors, as well as a line of steel buildings.
 
Sukup has six distribution centers located throughout the Midwest. Sukup products are sold throughout the U.S. and Canada, as well as in over 80 foreign countries.
 

 

Source : Sukup

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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!