On October 7, Deere fell 4.8% in regular trading, trading at $653.385/share, with Turnover of $1.57 billion. The decline came despite the company's recently announced collaboration with Yamaha Motor on future side-by-side vehicles, as broad-based selling pressure swept through the agricultural machinery sector.
The Agricultural & Farm Machinery sector was broadly lower, with CNH Industrial down 6.25%, AGCO down 7.59%, Toro down 2.89%, Lindsay down 3.25%, and Alamo down 3.98%. The Deere-Yamaha partnership, which was intended to combine Yamaha's powertrain expertise with Deere's U.S. manufacturing capabilities, failed to offset the sector-wide weakness.
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