USDA updated its World Agricultural Supply and Demand Estimates for the 2016-17 crop season on July 12. With July weather being a critical factor in overall crop production trends, industry observers rated the report “mixed” or “neutral” for sales of farm equipment.
In a note, C. Schon Williams, analyst with BB&T Capital Markets, reported, “Cash receipts are forecast to be down 0.4% year-over-year, which is a slight improvement vs. our June estimate (–1.1%). With the…
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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.
