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Weakness in the U.S. ag market outlook due to weaker commodity prices in the years ahead was at...

Weakness in the U.S. ag market outlook due to weaker commodity prices in the years ahead was at the heart of downgrades (I, II) that sent Deere (DE -3.1%) and Agco (AGCO -3.9%) lower today. Wells Fargo cut its outlook for 2014-15 U.S. large farm equipment demand as commodity prices return to normal along with growing conditions, and on moderating U.S. corn-based ethanol consumption.
Comments (2)
  • How can they forecast ag prices so far out?? Must be great weathermen over at Wells Fargo. Better than their bankers!
    20 Mar 2013, 04:59 PM Reply Like
  • In general does anyone know how much of DE profits and/or sales are linked to the North American market?
    21 Mar 2013, 01:59 AM Reply Like
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