Order patterns in Q1 largely in line with Company expectations as customer inventory of FMC products reaches targeted levels in most countriesFirst Quarter 2025 Highlights Revenue of $791 million, down 14 percent versus Q1 2024, down 10 percent organically1 Consolidated GAAP net loss of $16 million, a decline of $13 million versus Q1 2024 Adjusted EBITDA of $120 million, down 25 percent versus Q1 2024 Consolidated GAAP loss of $0.12 per diluted share, down 10 cents versus Q1 2024 Adjusted earnings per dilu ...

Core Viewpoint - Deere & Company will hold its second quarter 2025 earnings call on May 15, 2025, at 9:00 a.m. central time, discussing financial and operational performance with analysts and investors [1]. Group 1 - The earnings call can be accessed online, and a recorded version will be available afterward on the company's website [2]. - Deere & Company is recognized as a global leader in providing advanced products, technology, and services for agriculture and construction sectors [3]. - The company focuses on meeting the increasing global demand for food, fuel, shelter, and infrastructure through its innovative solutions [3].

Core Insights - Davis Commodities Limited (DTCK) has announced a joint venture with a Malaysian Agri-processing group to produce and export 180,000 metric tons of high-grade food-use inputs annually to a Northeast Asian market, leveraging Malaysia's unique trade advantages under the ASEAN Free Trade Agreement [1][5] Supply Gaps & Regulatory Adjustments - The destination market is facing a significant supply-demand gap of 5 million metric tons annually in essential food-use inputs, with imports being strictly controlled under quotas and high import duties [5] - Malaysia is the only ASEAN country with unrestricted, tax-free access under the ASEAN Free Trade Agreement, providing a competitive edge in reaching the market efficiently [5] - Recent trade restrictions on neighboring ASEAN countries due to compliance issues have further solidified Malaysia's position as a key partner for duty-exempt access [5] Market Disruption Creates Opportunity - The joint venture aims to scale initial export volume from 180,000 MT to 360,000 MT in response to market needs and policy evolution [5] - The facility will be located at Port Klang, Malaysia, utilizing existing world-class refining infrastructure [5] Competitive Advantages - Malaysian-origin products benefit from a 0% tariff status under the FTA, offering a significant pricing advantage over non-member countries facing import duties exceeding 50% [5] - The products are fully compliant with stringent food-grade standards, unlike regional competitors facing bans or rejections [5][6] - The joint venture's logistics capabilities ensure compliance with traceability and anti-dumping standards, enhancing market confidence [6] Market Confidence & Strategic Financial Impact - The joint venture is expected to generate robust top-line performance, with projected revenue of USD 117 million in the first year from handling 180,000 metric tons, and an anticipated revenue of USD 234 million in the second year with volume doubling to 360,000 metric tons [9][11] - EBITDA margins are projected to exceed industry benchmarks, reflecting the structural advantages of the joint venture's trade and production setup [11]

Group 1 - The core focus of the training program is to promote high-quality development of private enterprises in Fujian by exploring new paths for growth and maintaining the spirit of "Love to Win" [3][12] - The program includes case studies on competitive strategy and family business succession, emphasizing the importance of balancing tradition and innovation in family enterprises [5][6] - The training features immersive learning experiences at leading tech companies like Alibaba and innovative firms in Hangzhou, highlighting the integration of technology and traditional industries [8][9][10] Group 2 - The training program is a year-long initiative organized by the Fujian Provincial United Front Work Department, Fujian Provincial Federation of Industry and Commerce, and Xiamen University, targeting young entrepreneurs with an average age of 36 [12] - Participants include representatives from listed companies, top private enterprises in Fujian, and national high-tech enterprises, indicating a diverse and high-caliber group [12] - The curriculum combines classic courses, real-world teaching, roundtable discussions, and red education to deepen entrepreneurs' understanding of global competition and industry trends [12]

Core Viewpoint - The collaboration between Guangdong and Sichuan is being strengthened through a promotional research activity focused on agricultural products from Yangjiang, aiming to create a new platform for production and sales cooperation [2][4][20]. Group 1: Event Overview - A research delegation from Guangdong, including representatives from the agricultural sector and local government, visited Chengdu, Sichuan to promote Yangjiang's agricultural brands [2][4]. - The delegation engaged with the Sichuan Guangdong Chamber of Commerce and local market leaders to discuss potential collaborations [3][24]. Group 2: Yangjiang's Agricultural Strengths - Yangjiang boasts a marine area of 12,300 square kilometers, with an annual seafood production exceeding 1.2 million tons, leading Guangdong in per capita seafood availability for several years [7][8]. - Various local specialties were highlighted, including Yangjiang fermented black beans, Baisha geese, and other regional products, which impressed the attendees [13][14]. Group 3: Future Collaboration Opportunities - The president of the Sichuan Guangdong Chamber of Commerce emphasized the potential for integrating Guangdong's technological and capital advantages with Sichuan's resources and market potential [17][20]. - Yangjiang is focused on developing a modern agricultural industry cluster worth 100 billion yuan, presenting new opportunities for collaboration with Sichuan [18][20]. Group 4: Market Engagement - The Guangdong delegation visited the Chengdu Agricultural Products Wholesale Market to assess seafood sales and engage with local distributors [22][30]. - Discussions included the exchange of contact information and collaboration on seafood and lychee products, indicating a mutual interest in enhancing supply chains [24][29]. Group 5: Local Business Insights - Representatives from Yangjiang companies, such as Guangdong Yiniu Agricultural Ecological Technology Co., expressed interest in expanding their market reach to the Sichuan region with products like the Hailin pearl water chestnut [25][27]. - The Sichuan Commercial Investment County Group is looking to strengthen its seafood supply chain and is interested in sourcing high-quality marine products from Yangjiang [32][34].

Financial Performance - Q4'24 net sales increased to $135 million from $133 million in Q4'23[19] - Adjusted EBITDA for Q4'24 was $38 million, a year-over-year improvement from $25 million in Q4'23[19, 6] - Adjusted EBITDA margin increased to 28% in Q4'24 from 19% in Q4'23[19] - The company repurchased approximately $222 million in principal amount of Senior Secured Notes and 4.6 million shares of common stock over the 24-months ended 12/31/24[28] Market and Pricing Trends - Tampa Ammonia price was $460 per metric ton as of February 26, 2025, compared to $445 per metric ton on February 26, 2024[14] - UAN (NOLA) price was $290 per short ton as of February 26, 2025, compared to $245 per short ton on February 26, 2024[14] - Natural gas price (NYMEX Spot Price) was $3.86 per MMBtu as of February 26, 2025, compared to $1.66 per MMBtu on February 26, 2024[14] 2025 Outlook - Ammonia production is projected to be between 790,000 and 820,000 tons in 2025, compared to 757,000 tons in 2024[29] - AN and Nitric Acid sales volume is expected to be between 590,000 and 620,000 short tons in 2025, compared to 554,000 short tons in 2024[29] - UAN sales volume is projected to be between 620,000 and 650,000 short tons in 2025, compared to 483,000 short tons in 2024[29] - Ammonia sales volume is expected to be between 250,000 and 280,000 short tons in 2025, compared to 321,000 short tons in 2024[29]

PRESS RELEASE Loudéac, April 29, 2025 Ongoing sales momentum in Q1 2025 with +7.9% growth 2025 Outlook: maintained strong sales momentum and expected improvement in results WINFARM (ISIN: FR0014000P11 – Ticker: ALWF), the leading French player in the supply of consulting, services and distance-selling of products and solutions for the agricultural and livestock industry, is today releasing its revenue figures for the first quarter of 2025. In millions of euros, unauditedQ1 2024Q1 2025ChangeFarming Supplie ...

投资咨询业务资格:证监许可【2012】31号 ITG国贸期货 数据日报 从业资格号:F03110419 豆粕主力合约基差(张家港) 涨跌 指标 4月28日 ===== 19/20 ====· 20/21 ===== 21/22 ===== 22/23 ===== 22/23 ===== 22/23 ====== 22/23 ====== 22/23 - 23/24 - 24/25 大连 2500 615 -454 2000 天津 575 1500 -444 1000 515 日照 -314 500 43%豆粕现货基差 515 张家港 -304 -500 (对主力合约) 12/23 01/23 02/23 03/25 09/21 04/25 05/26 06/26 07/27 10/27 11/27 08/77 M9-NI 东莞 715 -104 _==== 2019/20 ------ 2021/22 - -- 2022/23 == 2024/25 1000 湛江 715 -154 800 600 防城 815 -4 400 200 广东 菜粕现货基差 -181 43 -200 04/24 05/25 03/ ...

Core Viewpoint - EXEL Industries Group reported a revenue decline of 3.8% in Q2 2024-2025, primarily driven by lower volumes in Agricultural Spraying, while other segments showed stability or growth [3][5][13]. Revenue Summary - Q2 revenue for EXEL Industries Group was €281.4 million, down from €292.6 million in the same quarter of the previous year, reflecting a decrease of €11.3 million [3][2]. - For the first half of the fiscal year, total revenue was €443.4 million, a decrease of €49.4 million or 10.0% compared to the previous year [2]. Segment Performance - **Agricultural Spraying**: Revenue decreased by 15.7% to €132.7 million, attributed to low volumes and a cautious market in North America [4][5]. - **Sugar Beet Harvesting**: Sales increased by 47.6%, with all product categories showing growth after resolving production delays [6]. - **Leisure**: Sales remained stable with a slight decrease of 0.1%, supported by strong performance in the Garden segment in the UK [7]. - **Industry**: Revenue grew by 7.5%, with dynamic sales across all product categories, particularly in high viscosity products [8]. Market Outlook - Order intake remains low, but there are signs of recovery in Europe and large-scale crop markets, although uncertainty persists in North America due to economic factors [11]. - The Group is adjusting production capacities and cost structures in response to current market conditions, particularly in North America where pricing policies are under review [11][13]. - The outlook for the Garden segment in 2025 is optimistic, contingent on normal weather conditions, following two years of unfavorable rainfall [11]. Company Profile - EXEL Industries is a French family-owned group focused on designing, manufacturing, and marketing capital equipment, with a strong emphasis on innovation and customer service [14][15].

【4 月 29 日国内期市农副产品板块全线下挫】当日，生猪、红枣跌逾 1%。生猪主力下跌 1.59%，报 13935.00 元/吨；红枣主力下跌 1.37%，报 8980.00 元/吨；苹果主力下跌 0.21%，报 7947.00 元/吨；鸡蛋 主力下跌 0.17%，报 2983.00 元/500 千克。4 月 29 日的农副产品期货价格行情显示，鸡蛋开盘价 2981.00 元，昨收价 2981.00 元，昨结价 2988.00 元；生猪开盘价 14075.00 元，昨收价 14130.00 元，昨 结价 14160.00 元；红枣开盘价 9035.00 元，昨收价 9070.00 元，昨结价 9105.00 元；苹果开盘价 7936.00 元，昨收价 7910.00 元，昨结价 7964.00 元。截止 4 月 28 日，基差数据表明：苹果、红枣、鸡蛋、生猪 品种合约出现"期现倒挂"现象。其中，苹果现货价格 8600 元，期货价格7910 元，基差 690 元，基差率 8.02%；红枣现货价格 9200 元，期货价格 9070 元，基差 130 元，基差率 1.41%；鸡蛋现货价格 3400 元，期货价格 ...