Reported about 24 hours ago
Deere & Co has reduced its full-year forecast due to ongoing uncertainty in the farming sector, impacted by low grain prices and decreased farmer demand. Despite a solid third-quarter performance, analysts caution that a quick recovery may not materialize as expected. With tariffs affecting market dynamics and farmers hesitant to invest in capital-intensive equipment, Deere faces significant challenges, particularly in North America, as it navigates through these turbulent agricultural conditions.
Source: YAHOO