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Sukup Manufacturing Company Announces Ames Office

 
Sukup Manufacturing Co. announced today that it will open an office location in the Iowa State University Research Park in Ames, Iowa. The office will be open after September 1, 2017.
 
“Sukup Manufacturing has experienced tremendous growth in recent years, which has created the ideal time to grow in locations. We view opening this new office in Ames as an opportunity to capitalize on the engineering and technical expertise of both students at Iowa State University and professionals at the Iowa State University Research Park. Proximity to these exceptional institutions will only allow Sukup Manufacturing to leverage additional talent and realize further growth and success,” said Charles Sukup, company president.
 
Steve Sukup, Company CFO and former Iowa State University Research Foundation President, added, “Sukup Manufacturing and Iowa State University already have a rich history of collaboration. Most recently, we dedicated Sukup Hall as part of the Biorenewables Complex in 2014 and the Sukup Endzone at Jack Trice Stadium in 2015. Taking this next step to create a home for the company at the Iowa State University Research Park further demonstrates Sukup’s commitment to the University and the Ames community.”
 
“Precision agriculture is the future of the industry,” said Emily Schmitt, general counsel for Sukup Manufacturing. “Innovation and technology are key to our company’s future. What better place than the Iowa State University Research Park to access the skills, knowledge, and resources to bring technology to farmers and help them be more productive than ever before?”
 
Steve Carter, President of the Iowa State University Research Park, offered his support of the announcement. “Sukup Manufacturing has long been one of Iowa State University’s biggest supporters and partners. Their work extends through many colleges at Iowa State and their addition to the Research Park community
 
is a natural extension of that. We are thrilled to have them, and look forward to working with them to grow their presence here. They are a world-class company and we hope to continue to build upon the great Sukup legacy at Iowa State with their presence here.”
 
Sukup Manufacturing has hired Rachel Geilenfeld as its Public Relations Manager who will work out of the Ames office. Rachel graduated from Iowa State University in 2007 with a bachelor’s degree in Political Science and from the University of Iowa in 2011 with a Juris Doctor and Master of Business Administration. She most recently served in the Division of Medicaid Services at the State of Wisconsin and worked as Public Policy Counsel for the Iowa Association of Business and Industry.
 
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 600 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!