$DE

Jim Cramer expressed optimism about Archer-Daniels-Midland (ADM) and John Deere (DE) during Mad Money. ADM reported Q2 adjusted earnings of $1.84 per share, up from $0.93 a year earlier, and raised its full-year forecast to $5.15–$5.60 per share. DE's Q3 net income rose to $1.38 billion, with mixed results across its businesses.

Shares of Deere, Agco, and Caterpillar fell after U.S. regulators launched a probe into potential anticompetitive practices in agricultural equipment. LG Electronics forecasted lower-than-expected Q3 operating profit. Porsche plans to raise prices and cut costs to make its cars more exclusive.

Caterpillar (CAT) shares dropped 6% to $811.70, Deere (DE) fell 4% to $657.95, and PACCAR (PCAR) declined 2% to $106.66 as long-term Treasury yields hit 20-year highs, impacting credit-driven equipment demand. The Industrial Select Sector SPDR ETF (XLI) fell 2%. CAT announced a $1B investment to expand compact equipment capacity in North Carolina.

Deere & Company's stock fell 3.2% to $660.88 after the FTC and USDA launched a joint inquiry into agricultural equipment manufacturers' market power, affecting farmers. The probe, along with broader market declines and rising Treasury yields, triggered a sector selloff. Deere's competitors, CNH Industrial and AGCO Corporation, also saw steep declines. The stock reached a session low of $644.08 before partially recovering.

Deere & Company (DE) and peers CNH Industrial (CNHI) and AGCO Corporation (AGCO) saw stock declines of 5.0%, 5.7%, and 5.9% respectively after the FTC and USDA launched an inquiry into agricultural equipment industry practices, citing farmer complaints about market barriers and pricing.

Alamo reported $450.7M revenue, up 7.6% YoY, beating estimates. AGCO reported $2.61B revenue, flat YoY, missing estimates. Deere reported $12.61B revenue, up 4.9% YoY, beating estimates. Titan International reported $484.8M revenue, up 5.2% YoY, beating estimates. Stocks are trading at $162.53, $116.25, $686.10, and $6.99 respectively.

Yamaha Motor and John Deere agreed to collaborate on future side-by-side vehicles, combining Yamaha's powertrain and design expertise with John Deere's vehicle development and U.S. manufacturing. Both companies will maintain separate brands and dealer networks. No specific vehicles, launch dates, or pricing were announced.

Industrial Select Sector SPDR ETF (XLI) bought $334.1M in stocks on Oct. 2, 2026, including $24.3M in Caterpillar (CAT), $20.1M in General Electric (GE), and $16.5M in GE Vernova (GEV). The fund increased 82 positions, with no sales. CAT now represents 7.2% of XLI's assets.

John Deere showcased AI and automation advancements at the Farm Progress Show, including JD, an AI assistant for farm data analysis, and hands-free baling technology. The company also introduced a redesigned 6R tractor with improved comfort and automation features. These updates aim to address labor shortages, harvest efficiency, and data management for farmers. Deere emphasized customer feedback in driving these innovations and plans to roll out JD through an early access program.

John Deere has partnered with Reservoir, investing $10 million over three years to develop rugged AI technologies for agriculture. The collaboration aims to accelerate innovation and test solutions in real farming conditions to address labor shortages and efficiency improvements. Reservoir will expand its network of farmers and startups, reducing barriers for new entrants in the agtech sector.