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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.

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.

China is Back, Purchasing U.S. Soybeans: Report

December 12, 2018 | Posted in Commodities

Chicago soybean futures jumped to highs not seen since China imposed tariffs on U.S. shipments in July, with the most actively traded January contract rising as high as $9.28 per bushel.

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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