U.S. Ag Sales Up, Canada Still Soft

U.S. large ag retail sales rose 2% in October, while Canadian sales continue to sputter. October was “the third consecutive month of growth (Aug. and Sept. both up 14%) following double-digit declines in June and July,” Mircea (Mig) Dobre, analyst with RW Baird said in a note. “Combined U.S. and Canada large ag declined 2.4% on Canadian weakness. Inventories are a mixed bag with some progress made in lowering combines and 4WD tractors. October is…

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