(Reuters) – Deere & Co on Friday lifted its full-year profit forecast, as it expects to benefit from solid demand for its tractors and combines from farmers flush with cash after a run-up in grain prices.
The Moline, Illinois-based company forecast fiscal 2022 profit between $6.7 billion to $7.1 billion, up from its prior expectation of $6.5 billion to $7.0 billion.
(Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Ramakrishnan M.)