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26.11.25 - 14:48
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John Deere Calls "Large Ag Cycle" Bottom Next Year - Just As China Ramps Up U.S. Soybean Buying (ZeroHedge)
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John Deere Calls "Large Ag Cycle" Bottom Next Year - Just As China Ramps Up U.S. Soybean Buying
Economic conditions for American farmers have been brutal this year, as China shifted much of its soybean and other commodity purchases to South America. But the new Trump-Xi trade deal has sparked hope, with Beijing ramping up U.S. crop purchases once again. If sustained, this could signal that the worst of the farm-sector downturn is finally behind us.
American farmers finally received some clarity from equipment-maker John Deere, which said Wednesday morning in an earnings update that the bottom of the large agricultural cycle may materialize in 2026.
"Looking ahead, we believe 2026 will mark the bottom of the large ag cycle," John May, chairman and CEO of John Deere, wrote in a statement.
Deere's fiscal fourth-quarter outlook for 2026 highlights just how fragile the U.S. farm economy remains. It estimated fiscal-year net income between $4 and $4.75 billion, well ...
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