Shares of agriculture stocks are trading lower possibly amid severe weather in the Midwest.
Portfolio Pulse from Benzinga Newsdesk
Shares of agriculture stocks are trading lower possibly due to severe weather in the Midwest.
June 25, 2024 | 5:07 pm
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NEGATIVE IMPACT
Compass Minerals International (CMP) shares are trading lower, likely due to severe weather in the Midwest affecting agricultural operations.
Severe weather in the Midwest can disrupt agricultural operations, which is likely causing a decline in CMP's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
CNH Industrial (CNHI) shares are trading lower, likely due to severe weather in the Midwest impacting agricultural machinery demand.
Severe weather in the Midwest can reduce demand for agricultural machinery, negatively impacting CNHI's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Deere & Company (DE) shares are trading lower, likely due to severe weather in the Midwest affecting agricultural equipment sales.
Severe weather in the Midwest can lead to reduced sales of agricultural equipment, which is likely causing a decline in DE's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tractor Supply Company (TSCO) shares are trading lower, likely due to severe weather in the Midwest impacting agricultural supply sales.
Severe weather in the Midwest can disrupt agricultural supply chains, negatively impacting TSCO's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80