October WASDE Seen as Bullish for Ag Equipment Sales

A confluence of factors — from rising ag commodity exports to China, to lower crop production estimates and increasing demand for meat — are converging to paint a more optimistic picture for ag equipment sales than the industry has seen in recent years.

In an Oct. 9 note to investors after the release of the monthly World Agricultural Supply-Demand report, Mircea (Mig) Dobre, analyst for RW Baird, said, “Latest USDA estimates cut…

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