Big Ag Sales Robust, Inventories Down

Growth rates remained solid in June, though growth moderated sequentially on much tougher comps for large ag, said Analyst with RW Baird Mircea “Mig” Dobre in a recent note.

Small/mid tractor inventories fell in the seasonally strong month of June. U.S. large ag retail sales were up 26.3% year-over-year in June, with Canada sales up 32.2%. Combined U.S./Canada large ag sales were up 27.2% vs. up 35.2% in May, the 10th consecutive month with growth…

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