The Rising Influence of Rising Affluence

[DewDiligence]

AGCO raises 2013 sales and EPS guidance on strong demand:

http://www.reuters.com/article/2013/04/30/agcocorp-results-idUSL3N0DH30C20130430

April 30 (Reuters) - Agco Corp, the maker of Massey Ferguson tractors, raised its full-year outlook after strong demand in the Americas helped push its first-quarter results above Wall Street estimates.

The company, which also makes Challenger Fendt and Valtra tractors, raised its per-share 2013 earnings forecast for 2013 to $5.50-$5.70 from $5.10-$5.35 and its sales forecast by $300 million to $10.5 billion to $10.7 billion.

…"Farmer planting intentions are near record levels."

Good news for DE, which reports FY2Q13 results in about two weeks.