Along with raising its projected corn yields, USDA’s October 9 supply and demand estimates lowered overall cash receipts for corn and soybeans for the 2009-10 crop year. Analysts believe this is a negative for future equipment sales.
According to the agency’s most recent report, final grain production for the 2008-09 crop year was mostly in line with trade expectations, but it revised 2009-10 corn yields up to 164.2 bushels per acre vs. its prior forecast…
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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.
