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Top Dealership Minds Gather in Iowa City, Iowa to Discuss Strategies for Improving Absorption at the 11th Annual Dealership Minds Summit

The 2025 Dealership Minds Summit, held at the Hyatt Regency Coralville Hotel & Conference Center in Iowa City, Iowa, on July 29-30 drew a crowd of over 200 attendees — including 130 first-timers — from 49 different dealerships across the United States and Canada.

Centered on the theme of “The Fully Absorbed Dealer,” the program featured 2-days of dealer-to-dealer roundtables sessions, panel presentations, general sessions, breakout classrooms and intense networking opportunities.

Farm Equipment executive editor Kim Schmidt noted during opening remarks that attendees would head home with actionable ideas to share with the rest of their management team back at the dealership, and based on feedback she received from those in attendance, the Dealership Minds Summit delivered.

“Beyond just the informative sessions, one of the aspects of the Summit that always stands out for attendees are the roundtable discussions and networking opportunities. And from what I heard from dealers in attendance, this year was no different. I had numerous attendees, including what I can recall is the most CFOs we’ve had join us in a single year, tell me how refreshing it was to be in a room with innovative, open-minded dealers who were willing to share their successes and failures, regardless of color and competition, to help improve the industry as a whole,” says Schmidt. “This is always two of my favorite days of the year and I was very pleased to see, and be part of, many thought provoking and idea-sharing conversations over the last two days.”

Among the highlights of the 2025 Dealership Minds Summit were an energizing “Upselling Parts & Service” session led by Dean Devore, General Manager of Parts Academy; the "fan-favorite" Dealership of the Year Alumni panel that featured a candid conversation about the successes and lessons that have propelled these dealer groups to industry-best status; the 3rd annual Mark Kreps & Steve Connelly Memorial Lecture; and a special awards ceremony that officially welcomed several members of the Farm Equipment Dealer Hall of Fame: Wayne Hunt (H&R Agri-Power Chairman of the Board and CEO), and the families of the late Bob Mazer (Mazergroup) and Ray Koenig (Koenig Equipment).

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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.