https://www.reuters.com/business/deere-lifts-profit-forecast…
Favorable grain prices make business look good for agriculture. Rising costs for seed and fertilizer are a concern. (Not to mention drought in South America limiting soybean production there.)
Reported earnings today. Continue to do well. Higher prices and high grain prices help.
'Despite supply chain challenges, the world’s largest farm equipment maker reported a 75% increase in profit for its final quarter of its fiscal year and forecast higher net income for next year."
Ag stocks continue to do well. Bunge, ADM, and Corteva are my favorites.
And here’s the analysis on John Deere (DE) as of 2023
Hope you all find it useful!