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AEI Newsmakers: August 2024

August 15, 2024 | Posted in Ag Equipment Business, Equipment & Equipment Sales

Doosan Robotics will merge with Doosan Bobcat by early 2025. Prior to the merger...
CNH announced the appointment of Ryan Schaefer as new vice president of New Holland Ag North America...
AGCO entered into an agreement to sell the majority of its Grain & Protein business to American Industrial Partners...
According to CEMA’s August survey of EU ag equipment manufacturers, 6% consider their current business...
JP Morgan analysts view USDA’s Aug. 12 WASDE report as negative for U.S. farmers considering...
Trimble reported 2Q revenues of $870.8 million, down 12% year-over-year. For the full-year 2024...
Kinze announced Aug. 1 that it will be reducing its workforce. The reduction affects 193 of Kinze’s 815...
Alamo Group reported 2Q net sales of $416.3 million, down 5.5% year-over-year...

USDA Reports 22% of Corn, 12% of Soybeans Planted

May 9, 2022 | Posted in Commodities

The 5-year averages are 50% for corn and 39% for soybeans.

USDA: 14% of Corn, 8% of Soybeans Planted So Far

May 2, 2022

USDA's crop progress report for the week ended May 1 reported 14% of corn crops planted, a little more than a quarter of the 42% reported planted by this time in 2021.

Planting Progress Report Shows Soybean Planting Underway

April 18, 2022 | Posted in Commodities

Texas and Louisiana led the way among corn and soybean plantings, respectively.

USDA Reports 95% Corn, 96% Soybeans Harvested

November 22, 2021 | Posted in Commodities

Harvest appears nearing completion for most staple row crops.

USDA Reports 29% of Corn Harvested

October 4, 2021 | Posted in Commodities

USDA reported 29% of corn crops harvested, above the 24% reported harvested by this time in 2020. The 5-year average for corn harvested in this week is 22%.

USDA Reports 8% of Corn Dented

August 10, 2021 | Posted in Commodities

USDA's crop progress report for the week ended August 8 reported 8% of corn dented, below the 10% reported dented in the same week last year. The 5-year average for corn dented in this week was 11%.

USDA Reports 91% of Soybeans Emerged in the U.S.

June 21, 2021 | Posted in Commodities

According to the report, 91% of soybeans have emerged, above the 86% reported emerged in the same week last year. The 5-year average for soybean emergence in this week was 85%.

USDA Reports 96% of Corn Emerged in the U.S.

June 14, 2021 | Posted in Commodities

According to the latest Crop Progress report from USDA, some 96% of corn was reported emerged, above both the 94% emerged last year and the 90% emerged in the week prior. The 5-year average emergence rate for this week was 91%.

While Ethanol Demand Declined, Biodiesel Production Largely Unchanged Due to COVID-19

August 19, 2020 | Posted in Alternative Power Sources, Biofuels

It is estimated that 25% of U.S. soybean oil is used for biodiesel and bioheat applications. As such, it is an important component of the soybean market. U.S. biofuel production has grown from about one-half million gallons in 2010 to 1.73 billion gallons in 2019, according to the U.S. Energy Information Administration (EIA).

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Dairy Segment Provides Bright Spot in Current Ag Market

Deere Confident on ‘Producing to Demand’ in Fiscal Year 2025

Art’s Way Reports 3Q Ag Sales Drop 46%, Parts Ways with CEO

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Deere Production Could be Down 10-15% Next Year

In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.

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