Shares of agricultural equipment companies are trading lower after USDA WASDE data showed corn, cotton, soybean and wheat ending stocks above estimates. Also, the department raised its corn yield above estimates, which may lead to lower prices and dent equipment purchases, leases and maintenance spending.
Shares of agricultural equipment companies are trading lower after USDA WASDE data showed corn, cotton, soybean and wheat ending stocks above estimates. Also, the department raised its corn yield above estimates, which may lead to lower prices and dent equipment purchases, leases and maintenance spending.