‘Weather Trumps Trade:’ Analyst Sees Shift in U.S. Ag with Rising Corn Prices

“A rapid, meaningful shift is occurring in U.S. ag as extreme weather overshadows the Trade War,” Mircea (Mig) Dobre, RW Baird analyst, wrote in a June 16 note to investors, in which he upgraded prospects for both Titan Machinery and Deere & Co. to “outperform.” Just a little over a month ago, Dobre had downgraded the ag equipment dealership group and the equipment manufacturer to “neutral” based on eroding farmer sentiment, deteriorating grain prices as…

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