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Agricultural machinery stocks reported mixed Q3 results; while Deere's revenue grew 14.1% to $10.58 billion, it missed estimates by 9%, and the sector as a whole saw revenues miss consensus by 0.6%.
New Holland, a brand of CNH Industrial, received a sustainability award for its biomethane-powered tractor, which cuts CO2 emissions by 84%. This event highlights the agricultural sector's strategic shift towards alternative fuels to meet ESG goals and improve efficiency.