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Here’s John Deere’s Complete Outlook For Global Agriculture (DE, CORN, SOYB)
As one of the world’s foremost agricultural equipment makers the company’s earnings presentation always offers insight into developing trends in agriculture.
We drew on their presentation to highlight everything from commodity price estimates, to farm cash receipts which help gauge agriculture’s contribution to GDP, the impact of the north American drought, and the outlook on the broader agricultural economy.
Deere projects that corn, wheat and soybean prices are expected to continue to rise this year and the next.