Deere's quarterly revenue slumped 35 per cent and missed analysts' expectations as more farmers switched to renting equipment due to weak incomes and high borrowing costs, sending its shares down nearly 4.5 per cent in morning trading on Thursday. The company said its outlook did not account for any impact from potential import tariffs by the U.S. and any retaliatory actions taken by other countries.
Deere misses revenue estimates on subdued farm equipment demand
Outlook did not account for any impact from potential import tariffs, retaliatory tariffs company says
U.S. grains: Soybean futures fall on weak Chinese demand, mounting supplies
Chicago soy futures eased on Wednesday, pushed lower by Tuesday's U.S. Department of Agriculture report that forecast higher-than-expected U.S. soybean stocks, and continued concerns over weak Chinese demand for U.S. soy, analysts said.
Germany relaxes more foot-and-mouth restrictions, hopes disease contained
Germany is relaxing some of the restrictions imposed following a case of foot-and-mouth disease and believes measures taken to contain the outbreak are working, the country’s agriculture ministry said on Wednesday.
Drought leaves Canadian farmers unpaid
Failure of unlicensed companies, complaint deadline, insufficient security seen as holes in farm support
Hundreds of Canadian farmers have received delayed payments for their crops or not been paid at all, as a growing number of grain-buying firms declare bankruptcy amid drought and low commodity prices, according to interviews with dozens of farmers, a government agency, and a review of bankruptcy documents.
U.S. grains: Corn, soy fall after USDA pegs US supply above forecasts
Chicago corn and soy futures drifted down on Tuesday after the U.S. Department of Agriculture projected U.S. end-of-season supplies above market expectations in a monthly supply-and-demand report, analysts said.
WHO says communication with US authorities on H5N1 bird flu a ‘challenge’
A World Health Organization spokesperson said on Tuesday that communication on bird flu had become challenging since President Donald Trump announced a U.S. withdrawal from the United Nations health agency.
EU, Canada and Mexico condemn Trump move to hike steel and aluminum tariffs
Mexico, Canada and the European Union on Tuesday condemned U.S. President Donald Trump's decision to impose tariffs on all steel and aluminum imports next month, a move that has fanned fears of a trade war.
U.S. grains: Chicago soybean, wheat futures falter on tariff fears
Chicago wheat and soybean prices came under pressure on Monday after U.S. President Donald Trump said he will impose punitive tariffs on aluminum and steel imports, raising concern over potential retaliation against U.S. grain and oilseed exports, analysts said.
Nevada confirms state’s first human case of bird flu in a dairy worker
Nevada has confirmed its first human case of bird flu in a farm worker who was exposed to infected dairy cattle, the Central Nevada Health District said on Monday, after authorities last week reported a second strain of the virus in cows in the state.
McDonald’s posts biggest US sales decline in nearly five years
International sales rise, driven by Middle East and Japan
McDonald's posted a steeper-than-expected drop in quarterly U.S. comparable sales on Monday, as demand took a hit from a brief E.coli outbreak while diners remained watchful of their spending.