Agricultural machinery giant Deere & Co. just announced its quarterly financial results. While earnings were stronger than expected, management cut guidance blaming unfavorable foreign currency movements.
As a global supplier with vendors on the ground all over the world, Deere and its partners have an intimate understanding of what’s going on in the world.
Their latest financial results includes a 40-slide presentation on the state of business. We pulled the 7 slides that every economists and non-Deere investor will be interested to see.
The Euro crisis continues of have people cutting back on machinery. However, bad weather isn't materially hurting crop production.
Here's a look at the trajectory of commodity prices. Note the deterioration since the beginning of this year.
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