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China’s Increased Soybean Imports from Brazil & Canada Do Not Fully Offset Lost U.S. Imports

July 2, 2019 | Posted in Commodities, Equipment & Equipment Sales

Source: USDA

Soybeans are the largest and most concentrated segment of global agricultural trade and account for 18% of total U.S. crop receipts, second only to corn (25% of crop receipts). As a result, factors that impact soybean sales can ultimately have a profound effect on farm machinery sales, one way or another.

Allis Roller & HCC Begin Joint Venture in Brazil

June 4, 2019 | Posted in Ag Equipment Worldwide, Mergers & Acquisitions

Source: Farmequip.org

Allis Roller and HCC Inc., have begun a joint venture in Brazil. The new operation, called Allis Roller HCC, will focus primarily on serving major agricultural equipment manufacturers operating in South America, with the potential to expand into other industries.

Near Term Ag Fundamentals Result in Deere’s Decision to Slow Ag Equipment Production

May 23, 2019 | Posted in Earnings Reports

Deere & Co. posted decent ag equipment sales numbers last week when it reported its second quarter fiscal year 2019 earnings, but the company said it is looking at slowing production of big ag equipment by as much as 20%.

China Looks to South America as Trade Tensions Grow

December 18, 2018 | Posted in Ag Equipment Worldwide

Escalating trade tensions between the U.S. and China is providing South American producers with opportunities to grow their market share in soybeans and other grains. This could lay the groundwork for increased farm equipment sales starting in 2019. In its most recent outlook, John Deere said it expects an improvement of up to 5% in South American machine sales in the year ahead.

Trade Truce Likely Means Relief for U.S. Soybean Growers

December 4, 2018 | Posted in Commodities

U.S. Agriculture Secretary Sonny Perdue told a group of reporters on Monday that China will probably again start buying American soybeans around Jan. 1.

Mixed Business Conditions Globally Forecast for Farmers in 2019

October 17, 2018 | Posted in Ag Equipment Worldwide

Drought conditions have left arable farms with smaller yields, while dairy operations have had to purchase feed as a result of compromised grass growth. Pig farmers, meanwhile, face the growing threat of African swine fever (ASF). As a result, agricultural professionals view their prospects for business development in the coming 12 months as mixed.

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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.

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