— Shares of Deere dropped nearly 3% after the U.S. Agriculture Department said the U.S. corn harvest will be bigger than previously forecast this year. The farm equipment maker came under pressure as soybean and corn futures took a hit on the report as analysts had expected the government to lower its estimate of corn production.
– Shares of Occidental Petroleum is down more than 4% after Evercore ISI downgraded the energy producer to in line from outperform. The firm said the acquisition of Anadarko Petroleum makes Occidental larger, but significantly less valuable.
unfortunately the same old baby and bath water scenario with stocks insulated to US but taken out to the wood shed anyway
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