Friday, November 11, 2005

US Ag equipment sales weak in October

From Marketwatch.com - Tractor sales slow, corn prices to fall
NEW YORK (MarketWatch) -- Sales of farm equipment dropped off in a seasonally important October, according to an industry group, on top of Agriculture Department predictions of lower corn prices this year, two negative trends for makers of tractors, combines and harvesters.
Equipment sales were off 4% from last October, combine sales were off 44%. Also, the USDA raised the corn crop estimate by 175 million bushels to 11.03 billion bushels.

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