Titan Acquires New Storefront in Minnesota

Jun 08, 2023

In a post on LinkedIn, Titan Machinery announced the acquisition of Midwest Truck Parts, Dawson, Minn. Titan said that the retail location will continue to provide truck repair and delivery services but will add a full line of Case IH products to serve area farmers.

Mike Hall, director of marketing for Titan Machinery, said that while the company has an extensive footprint in Minnesota, the addition of this location fills a gap for Titan that existed in the area.

"If you look at the map, it's very close to two of our other locations, but there was a big gap between them," he says. "Now we filled that gap, and it's going to be a heck of a lot more convenient for our customers in that area to get the product support that they deserve."

This new location brings Titan's ag equipment representation in Minnesota to 15 locations. In the Farm Equipment 100™ that was published in the June issue of Farm Equipment, Titan ranked third on the list of 100 largest ag equipment dealer groups in North America. With this acquisition, Titan has a total of 75 North American aq equipment retail locations.

Source : Farm Equipment

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!

Ontario Pork launches an online news channel

Quebec bill lets young kids work in ag