Keestrack, a manufacturer of mining, recycling and construction equipment, is poised to enter the electric ag arena through its recently acquired tractor manufacturer, Goldoni and Swiss tractor manufacturer Rigitrac.
According to a recent report from the USDA, China’s corn imports jumped to a record 11.3 million metric tons in 2020, more than twice the volume imported in past years.
In CNH Industrial's first quarter earnings call on May 5, CEO Scott Wine addressed the company's reported discussions with Chinese automotive manufacturer FAW concerning its Iveco truck business. The discussions were first reported in early March 2021, when it was reported CNH Industrial was considering "alternatives to a planned spin-off and separate listing of its truck and bus business and that it was in talks with FAW over the future of Iveco."
Expanded U.S. soybean exports — led in part by increased Chinese buying under the United States-China Phase One trade deal in combination with greater demand by domestic processors — are tightening the availability of U.S. soybeans this marketing year (September 2020-August 2021).
Futures prices—the price of a contract to deliver a commodity at a certain time in the future—for wheat, corn, and soybeans have been trending upward since August 2020.
According to an October interim report from USDA and the Office of the United States Trade Representative, China has purchased approximately 71% of its agricultural product goal for 2020, which was established as part of the U.S.-China trade agreement signed in January.
Significantly larger pork sales to China boosted U.S. pork exports during first quarter 2020 to a record high volume of over 2 million pounds. Sales to China (including Hong Kong) were a record 597,000 pounds, up nearly fivefold, and more than 50% above earlier quarterly highs in 2008 and 2011.
An ambitious project to create a new European range of tractors built in Italy appears to have hit troubled waters with the news that a bankruptcy accommodation with creditors for the production element of the business has been requested by the Arbos Group’s local commercial court.
The Ag Economy Barometer drifted sideways in December, to a reading of 150 compared to 153 in November. Although the barometer changed little in December, there was a shift in producers’ perspective regarding both their farms’ and the production ag sector’s economic health.
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
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.