Large Ag unit retail sales were down 6.1% year-over- year, with declines in row-crop tractors and combines more than offsetting a slight increase in 4WD tractors. Combined, the U.S. and Canada’s large ag unit sales went down 6.1% year-over-year in May, following a 12.8% increase in April, according to the latest report from the Assn. of Equipment Manufacturers.
“Retail demand continues to hang in better than expected, which could catalyze a quicker destock cycle given…
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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.
