“The October WASDE report indicates increased production for corn, wheat and soybeans, along with a reduced pricing outlook for corn. USDA estimates imply 2014-15 cash crop receipts will now decline 16.6% year-over-year, moving lower compared to the September estimate, and continues to support our negative outlook on ag machinery demand,” C. Schon Williams, analyst for BB&T Capital Markets, said in an October 10 note to investors.
With the October World Agricultural Supply and Demand Estimates…
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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.
