Last week’s Department of Agriculture crop reports sent stocks of farm machinery companies lower. USDA on Thursday reported higher than expected crop yields in the August round of crop reports, which includes key yield speculations. Following the report stocks of Agco and Deere dropped roughly 2.5 percent each. CNH Industrial, the manufacture of Case and New Holland, dropped 1.5 percent …
Analysts Watching Ending Stocks in Thursday USDA Reports
The January USDA Crop Production Report comes out on Thursday and analysts don’t expect a lot of surprises, but they will be watching the estimates carefully. An Ag Web Dot Com article says forecasts regarding the reports look bearish. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024