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


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%.

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  • Colin Lea
    , contributor
    Comments (592) | Send Message
     
    CAT has a bigger stake in supplying the Chinese construction industry and supporting the global resource industry:

     

    http://seekingalpha.co...
    13 Oct 2011, 03:19 PM Reply Like
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