Deere (DE -3.3%) shares sink in afternoon trade on a Bloomberg report that dealers are saying...

|About: Deere & Company (DE)|By:, SA News Editor

Deere (DE -3.3%) shares sink in afternoon trade on a Bloomberg report that dealers are saying the company plans to deliver fewer combines in the U.S. as demand falls amid a glut of used machinery. Combines account for about a third of Deere’s North American farm equipment revenue and are its highest-margin products. CAT -0.9%, AGCO -2.5%, JOYG -1.9%.