Deere reports February utility tractor sales down single digit Deere reports North American industry utility tractor sales were down 1% in February and that Deere utility tractor sales were down a single digit but more than the industry in the month. Deere said industry row crop tractor sales were down 6% for the month and that Deere sales were down less than the industry. Deere said industry 4WD tractor sales were down 14% and Deere 4WD sales were down double-digits but were down less than the industry. Deere said industry combine sales were down 15% for the month and Deere combine sales were down more than the industry.
USDA data a modest short-term negative for Deere, AGCO, says Wells Fargo Wells Fargo said the USDA's Prospective Plantings report had a higher acreage forecast for corn and lower for soybeans and wheat than the consensus view. The firm said it sees the combination of that data and the Grain Stocks report as a modest short-term negative for farm equipment stocks and it maintains its Market Perform rating on Deere (DE) and Underperform rating on AGCO (AGCO).