In November, the Brazilian Central Bank dropped the reference interest rate 0.5% to 5%. A new report from Bradesco, the second largest private bank in Brazil, suggests interest rates could fall again to 4.5% in December or January.
For some major players, the transition from a subsidized market to a non-subsidized one will be difficult. “It is always hard to leave a situation of comfort for an unknown one. This generates apprehension, mostly [for] farmers…
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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.
