Deere Soars as Tractor Maker Sees Upturn in Farm Economy

Deere & Co. shares climbed the most in six years as the world’s largest farm-machinery maker boosted its annual profit outlook, anticipating a long-awaited upturn in the agriculture economy.

“While the global large agriculture industry continues to experience challenges, we’re encouraged by the ongoing recovery in demand within both the construction and small agriculture segments,” Chief Executive Officer John May said in the company earnings statement Thursday.