Deere Reports Mixed Retail Sales in June Commentary

While industry wide sales of farm tractors and combines continue at a brisk pace, in its June monthly retail announcement on July 11, Deere and Co. reported it experienced “mixed” results in May.

Deere said U.S. and Canada sales of utility tractors were flat in May, while industry wide the segment saw 4% growth. In addition, Deere’s inventory was reported to be lower than the industry wide inventory of utility tractors, which stood at 49%…

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