Agriculture commodities have also been beneficiaries of the improved global economic outlook, with both corn and soybean prices up sharply over the past year. While the better pricing environment has been a tailwind for agricultural equipment maker Deere (DE, Financial), we have been duly impressed by the company's ability to execute on its strategic initiatives. The advanced technologies Deere has been introducing in its precision agricul-ture portfolio have improved the economics of farming for its customers and bolstered Deere's operating results.
From First Eagle Investment (Trades, Portfolio)'s Global Value Team first-quarter 2021 commentary.
