Russian Wheat Crisis Not Likely to Impact Equipment Sales this Year

The impact of the rapid escalation of wheat prices on the sale of farm machinery will not be felt in 2010, according to Robert McCarthy, machinery analyst for RW Baird.

“Although the recent grain export ban in Russia has led to sharp gains in wheat prices, we see few implications for 2010 retail [equipment] activity,” he told investors in a August 11 note.

But rising prices for wheat are also expected to help push prices…

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