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Stock Market & Financial Investment News

News Breaks
February 12, 2014
07:11 EDTDEDeere sees farm incomes lower in 2014 than in prior year
Deere's worldwide sales of agriculture and turf equipment are forecast to decrease by about 6% for fiscal 2014. Although farm incomes are expected to remain at healthy levels in 2014, they are forecast to be lower than in the previous year. In Deere's view, the decline will have a dampening effect on demand, especially for larger models of equipment. Partly as a result of these factors, industry sales for agricultural machinery in the U.S. and Canada are forecast to be down 5%-10% for the year, with the decline mainly reflecting lower sales of high-horsepower tractors and combines. In the U.S. and Canada, industry sales of turf and utility equipment are expected to be up about 5% for 2014 as a result of improved market conditions.Full-year industry sales in the EU28 are forecast to be down about 5% due to lower crop prices and farm incomes. In South America, industry sales of tractors and combines are projected to be down 5%-10% from strong 2013 levels. Industry sales in the Commonwealth of Independent States are expected to be down slightly for the year, while Asian sales are projected to be up slightly.
News For DE From The Last 14 Days
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October 16, 2014
11:17 EDTDETitan downturn warning seen as negative for Deere, AGCO
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09:41 EDTDETitan outlook negative for AGCO, Deere, says Wells Fargo
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October 13, 2014
07:08 EDTDEDeere reports September U.S./Canada utility tractor sales up more than 28%
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