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Pioneer Equipment Dealers Association Announces 2024 Board of Directors

The Pioneer Equipment Dealers Association (EDA) has announced its 2024 board of directors, representing dealer principals from Minnesota, North Dakota and South Dakota. Jason Ruggles, who previously served as vice chairman, will serve as chairman of the board in 2024, while Jacob Willenbring will replace Ruggles as vice chairman. Additional EDA board members include Corey Marzolf, Chris Scott, Bob Shanks, John Swenset, David Anfinson, Mike Scharber, Kevin Roy, Charlie Grossenburg, Chris Cooper, BJ Knutson, Tom Schuneman, Jamie Melgaard and Twylah Blotsky.

Working to support the success and profitability of its dealer members, the Pioneer EDA represents dealer interests in government regulation and legislation, enhances dealer education and promotes equitable dealer and manufacturer relations.

The Pioneer EDA was launched in 2019 as a merger between the Minnesota-South Dakota EDA and the North Dakota Implement Dealers Association.

Source : Farm Equipment

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U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again


The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!