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Stock Market & Financial Investment News

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March 12, 2014
07:13 EDTDEDeere 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.
News For DE From The Last 14 Days
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December 10, 2014
20:02 EDTDEDeere reports November U.S./Canada utility tractor sales down 'a single digit'
Deere reports its U.S./Canada utility tractor sales were down "a single digit," while the industry rose 8% in November. Deere reports its U.S./Canada row-crop tractor retail sales were down more than the industry, which was down 29% in the month. Deere's U.S./Canada 4WD tractor retail sales were down more than the industry, which was down 45% in the month. In November, Deere's U.S./Canada combines retail sales were down double digits, but less than the industry, which was down 50%. Information from Deere's retail sales comment for November posted to company's investor relations website. Reference Link
13:53 EDTDEUSDA data still negative for Ag equipment makers, says Wells Fargo
Wells Fargo estimates USDA data for December indicates row crop cash flow will drop 21% from the prior year, which is consistent with November and still negative for farm equipment demand. The firm keeps its negative view on demand trends for farm equipment makers Deere (DE) and AGCO (AGCO). The firm maintains its Underperform rating on AGCO and Market Perform rating on Deere.

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