Deere, AGCO, CNH Slide as USDA, FTC Probe and Crop Price Drop Hit Farm Equipment

Investing.com··US·Read original
3▲0 ▼3Impact / 5
Summary · why it matters

Major farm equipment manufacturers were set to close the week lower as the sector faced a dual blow from a federal regulatory inquiry and worsening crop market conditions. Deere & Co. fell 4% Friday, extending its weekly decline to down 9%, while AGCO Corporation and CNH Industrial also tumbled Friday, falling 5%. Selling pressure mounted after the U.S. Department of Agriculture raised its yield and production forecasts for corn, sending corn futures plunging, with soybean futures also declining following a similar upward revision to production estimates. The sector had already taken a hit earlier this week when the USDA and the Federal Trade Commission announced a joint inquiry into business practices across the agricultural equipment market, specifically targeting potential anticompetitive conduct. Deere shares are now on track for their worst weekly performance since August 2024.

Impact on assets 4

Climate Adaptation & Water▼
Deere & Company
DE
▼ NegativeRegulationDemandrelevance

Deere is a target of the USDA/FTC joint inquiry into anticompetitive practices in farm equipment.

AGCO Corporation
AGCO
▼ NegativeRegulationrelevance

USDA/FTC joint inquiry into anticompetitive conduct in the agricultural equipment market pressures AGCO.

CNH Industrial N.V.
CNH
▼ NegativeRegulationrelevance

USDA/FTC joint inquiry into anticompetitive conduct in the agricultural equipment market pressures CNH Industrial.

Cybersecurity & Digital Trust▲