USDA’s revised estimates for higher crop yields and lower prices for corn, soybeans and wheat could put additional pressure on farm machinery sales in 2010. “Given the strong correlation between cash receipts and ag equipment sales, we believe today’s report is incrementally negative for AGCO, CNH and Deere,” says Ann Duignan, analyst for JP Morgan in a note to investors.
The September 11 World Ag Supply & Demand Estimates report revised corn yields for the…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
