Deere Rally 'Too Early' With China Ag Purchases Unclear: JPM's Duignan

The video discusses the current market sentiment and the impact of recent trade agreements, such as the USMCA and the agricultural deal between the US and China. It highlights the challenges in agricultural trade, particularly with soybeans, and the cautious outlook on farmer spending. The discussion also covers economic factors affecting company performance, including the strength of the dollar and the impact of the coronavirus on supply chains, leading to increased costs.

What recent trade agreements have influenced US farm sentiment?

• China buying more US soybeans

• Canada signing the USMCA

• US signing a deal with the European Union

• US signing the USMCA and China-US phase one deal

Why should investors be cautious despite improved farm sentiment?

• Canada has not signed the USMCA and China hasn't increased soybean purchases

• The US dollar is weakening

• The European market is declining

• The company raised its financial targets

What was a concern regarding the company's financial targets?

• They doubled their targets

• They eliminated their targets

• They lowered their targets

• They did not raise their targets

How has the coronavirus affected the company's supply chain?

• It had no impact on the supply chain

• It improved the supply chain efficiency

• It led to a surplus of components

• It caused a $40 million headwind in Q2

What is the company's expectation regarding the full impact of the coronavirus?

• The impact will be positive

• The impact is already fully understood

• It is too early to determine the full impact

• The impact will be negligible