Analysis: Lower crop prices a pain for Deere, but farmers are fine

by admin on August 14, 2013

By James B. Kelleher CHICAGO (Reuters) – Wall Street's frosty reaction on Wednesday to Deere & Co's latest quarterly earnings is no surprise given the recent sharp drop in agricultural commodity prices. Farmers buy fewer tractors and harvesters when corn and soybean prices are down. But the dramatic drops in corn and other prices over the past year are not causing a lot of pain on the farms. At …

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