Deere & Co. , the world’s largest farm equipment maker, reported second-quarter profit that topped analysts’ estimates and raised earnings and sales forecasts for a second time this year as demand for farm machinery increased.
Deere & Co. , the world’s largest farm-equipment maker, reported a 47 percent jump in fiscal third-quarter earnings, while tempering investor expectations for the fourth quarter amid weakening demand in Western Europe.
Corn and soybean futures fell on speculation that warmer, drier weather over the next week will aid planting in the U.S., the world’s biggest producer. Wheat rose to a 14-month high as yield prospects dimmed.
Exor SpA, the holding company of Italy’s Agnelli family that controls automaker Fiat SpA, plans major asset purchases in the service industry after disposing of its stake in product-inspection provider SGS SA last year.