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Soft Commodity Prices Might Mean Slower Equipment Sales

There have been some challenges for farm equipment sales over the last couple of years, according to the CEO of the Western Equipment Dealers Association.
 
John Schmeiser says there was an incredible run of equipment sales from 2007 to 2014, and a lot of customers have re-invested in their machinery.
 
"At this point in time, because we've seen some softening in the commodity prices, they don't have to make that reinvestment," he says, "but having said that, in areas where there are lentils being grown — where the commodity price is still fairly strong — we are seeing a lot of sales activity. And what's really promising for us is we're still seeing a lot of quoting on deals."
 
On the manufacturing side, Schmeiser says they are seeing more new products rolling out to meet consumer demands for more production and better technology.
 
Source : Portageonline

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Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry

Video: Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry


Higher geo-politics from Trump wanting to annex Greenlland to conflict with Iran has caused investors to sell everything America. With Matto Grosso Brazil 7% harvested weather has turned wet as harvest progresses but Argentina has turned dry! Both soybean and wheat futures have traded back above the pre-USDA January crop report close a positive technical chart signal. A monster weekly U.S. export report is price supportive but a kick the can down the road on E15 is very disappointing.