The Globe and Mail reports in its Saturday, July 5, edition that the U.S. stock market's rebound since April may seem surprising given the economic challenges, but Deere & Co. offers insight into this recovery. The Globe's David Berman writes that unlike Tesla, Deere is not focused on artificial intelligence or robotics; it is known for its farm equipment. However, its performance has significantly contributed to the Standard & Poor's 500 index's rise and may continue to influence the market as the year progresses. In the first half, Deere's share price gained 20 per cent. It outperformed the Magnificent Seven by more than 17 percentage points over the same six-month period. Tesla fell 21 per cent over this period. The reason for Deere's strong performance does not mean that investors are taking an unrealistically optimistic view of U.S. President Donald Trump's erratic trade and immigration policies, which are destroying consumer confidence and weighing on the global economic outlook.
Rather, Deere has caught a wave of interest with investors who expect that the U.S. agricultural cycle will recover from low crop prices -- especially corn, which is down about 40 per cent over the past three years.
© 2026 Canjex Publishing Ltd. All rights reserved.