Most analysts agree that USDA’s May 10 World Agricultural Supply and Demand Estimates could be a headwind for farm equipment sales in 2013. The biggest hit came in USDA’s estimates for corn ending inventories, which were raised by 164% from the year prior. The ag agency also raised ending inventories for soybeans by 13%. Wheat inventories remained in line with the previous forecast.
With its most recent outlook, USDA dropped its price estimates for all…
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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.
