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Deere Sustains Profit Guidance Despite Agricultural Headwinds

Deere & Co. maintained its full-year earnings forecast Thursday. Construction and forestry equipment demand offset persistent weakness in farm machinery sales. The construction segment delivered strong performance as the agricultural market continued struggling. The company's decision to hold its profit outlook signals confidence in non-farm segments. Construction activity supports equipment makers as infrastructure projects drive demand. Deere's stability contrasts with volatility in farming operations. Farmers face economic challenges from low crop prices and input costs that constrain purchasing power. The company's mixed performance reflects a diverging economy. Construction spending supports equipment manufacturers while agricultural producers face margin compression and reduced capital spending.