Deere Soars as Ukraine Fighting Stokes Demand for Farm Equipment – Bloomberg

Deere & Co. shares jumped to a record high on Tuesday, making it the best performing industrial stock this year, as investors bet on a surge in demand with the war in Ukraine creating a need for more agricultural production. 
The farm-equipment maker’s stock rose as much as 3.3% to $436.28, and is on pace to close at an all-time high for a fourth straight session. The sharp rally in the shares since the beginning of Russia’s invasion of Ukraine nearly a month ago has led to a 25% gain this year, making Deere the top gainer in the 72-member S&P 500 Industrials Index.


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