Deere & Co.

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Other Pre-Announcement

Deere CFO Says Current Forecast Contemplates $1 Billion In Higher Material And Freight Costs, With About 3/4 Of That Occurring In H2-Conf Call

Published: 05/21/2021 15:07 GMT
Deere & Co. (DE) - Deere & Co Exec Says Order Books Extend Through the Rest of the Year and in Some Cases, Into Fiscal Year '22-conf Call.
Deere & Co Exec Anticipates Net Price Realization for Large Ag Equipment to Moderate Some in H2 of the Year.
Deere & Co Exec Expects Grain and Oilseed Consumption to Outpace Supply, Supporting Fundamentals in the Next Marketing Year.
Deere & Co Exec Says Principal Crop Cash Receipts in the U.S. Are Forecast to Increase 30%.
Deere & Co Exec Says All of Our Large Ag Order Banks Are Now Complete Through the End of the Fiscal Year.
Deere & Co Exec Says for Select Product Lines, We're Now Taking Orders for Fiscal Year '22.
Deere & Co Exec Says Current Global Inventory Levels for Both New and Used Equipment Remain at Historic Lows.
Deere & Co Exec Expects Farm Equipment Demand to Carry Over Into Subsequent Years.
Deere & Co Exec Says Procurement of Semiconductor Chips Remains a Significant Risk to Production Schedule for the Remainder of the Year.
Deere & Co Exec Says Co Managing Through Significant Inflation for Both Raw Materials and Logistics, Which Will Continue to Hit US Throughout H2.
Deere & Co Exec Says Expects to Produce Large Ag Machines in Line With Retail Demand for the Year.
Deere & Co Exec Says Co Intends to Keeping Inventory Levels of Large Ag Machines Relatively Tight Heading Into FY22.
Deere Exec Says Current Forecast Contemplates $1 Billion in Higher Material and Freight Costs, With About 3/4 of That Occurring in H2.