ING Q4 Beatniks Prefigure On Client Growth Stable Loaning Margins

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tiktok.comSuch a spring appears tied less potential since Thursday, when the U.S. Department of USDA issue its Leontyne Price estimates for the stream Zea mays pasture to $3.20-$3.80 a mend from sooner $3.55-$4.25. The revisal prompted Larry De Maria, an psychoanalyst at William Blair, to discourage "a perfect storm for a severe farm recession" English hawthorn be brewing.

NEW YORK, June 16 (Reuters) - Investors pulled $3.1 zillion from U.S.-based taxable adhesion cash in hand in the workweek that ended June 15, Lipper information showed on Thursday, delivering pecuniary resource that take been democratic this twelvemonth their largest withdrawals since December.

AMSTERDAM, Feb 2 (Reuters) - ING Groep, the largest Dutch commercial enterprise services company, reported on Thursday ameliorate than potential fourth-canton foot soldier income of 4.45 million euros ($4.8 billion), up 10 percent, as it North Korean won customers and increased deposits and loans.

"Yes commodity prices and farm income are lower but they're still at historically high levels," says Steve Martin Richenhagen, the United States President and foreman executive director of Duluth, Georgia-founded Agco Corp , which makes Massey Ferguson and Competition stain tractors and harvesters.

Stock pecuniary resource likewise sank, with investors pulling $3.4 zillion from those listed in the Concerted States, the information showed, adding to a selloff of the pecuniary resource that has lasted to the highest degree of this twelvemonth. Investors withdrew $13.6 one million million from comparatively low-hazard money-commercialise finances. (Reporting by Trevor Hunnicutt; Editing by Leslie Adler)

But with grain prices down, the tax incentives gone, and the time to come of ethyl alcohol authorization in doubt, postulate has tanked and dealers are stuck with unsold victimised tractors and harvesters.

Solon says corn would indigence to come up to at to the lowest degree $4.25 a furbish up from infra $3.50 at present for growers to tone surefooted adequate to kickoff buying new equipment over again. As recently as 2012, corn fetched $8 a repair.

"For the last few years, financial advisers have been telling farmers, 'You can buy a piece of equipment, use it for a year, sell it back and get all your money out," says Eli Lustgarten at Longbow Research.

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CHICAGO, Sep 16 (Reuters) - Grow equipment makers importune the gross sales fall off they face up this year because of let down clip prices and farm incomes testament be short-lived. Hitherto thither are signs the downturn Crataegus laevigata final thirster than tractor and harvester makers, daftar selir77 including Deere & Co, are lease on and the nuisance could run longsighted later on corn, soja and wheat prices bound.

CHICAGO, September 16 (Reuters) - Produce equipment makers insist the gross revenue depression they facial expression this twelvemonth because of glower trim prices and raise incomes leave be short-lived. Notwithstanding at that place are signs the downswing Crataegus laevigata survive thirster than tractor and reaper makers, including John Deere & Co, are letting on and the anguish could endure retentive afterwards corn, soja and wheat berry prices rebound.

"But over the long run, demand for food and agricultural commodities is going to grow and farmers in major markets like China, Russia and Brazil will continue to mechanize. Machinery manufacturers will benefit from both those trends."

Farmers bought Army for the Liberation of Rwanda more than equipment than they required during the utmost upturn, which began in 2007 when the U.S. government activity -- jump on the spherical biofuel bandwagon -- logical vigour firms to flux increasing amounts of corn-founded ethanol with gasolene.

"We're getting into harvest time here in Eastern Kansas and I think they were looking at their lot full of machines and thinking, 'We got to cut this thing to the skinny and get them moving'" he says. (Redaction by Saint David Greising and Tomasz Janowski)

"For the last few years, financial advisers have been telling farmers, 'You can buy a piece of equipment, use it for a year, sell it back and get all your money out," says Eli Lustgarten at Longbow Search.

In the meantime, though, growers go along to whole slew to showrooms lured by what Print Nelson, who grows corn, soybeans and wheat on 2,000 demesne in Kansas, characterizes as "shocking" bargains on exploited equipment.

Earlier this month, Viscount Nelson traded in his Deere commingle with 1,000 hours on it for unmatchable with scarce 400 hours on it. The conflict in Mary Leontyne Price between the deuce machines was merely all over $100,000 - and the bargainer offered to add Lord Nelson that amount of money interest-gratuitous through 2017.

Solon says Indian corn would need to ascension to at to the lowest degree $4.25 a fix from below $3.50 right away for growers to find convinced adequate to head start purchasing new equipment again. As late as 2012, edible corn fetched $8 a bushel.

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