Deere Flags 15-20% Large-Ag Sales Drop, Canada Tariffs, and UAW Rejection
DE sits 47% above its 52-week low of $433.
Summary
Deere's FY2026 large-ag equipment sales are down 15-20% in the U.S./Canada and South America, with Europe/Asia flat. High-horsepower used tractor inventories have fallen ~40% YoY. Canada is planning tariffs on farm equipment, naming Deere directly, adding export cost risk. The UAW rejected the two-year extension, but the contract still runs to 2027. Deere declared its $1.62 quarterly dividend and is adding Ouster Rev8 lidar to GUSS autonomous sprayers. The sales decline and tariff threat are the key negatives; the dividend and lidar news are minor positives.
At the time of this announcement, DE was trading at $636.89 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $170B. The 52-week trading range was $433.00 to $674.19. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.