Deere says expects $40 mln in expedited freight cost to deal with supply issues due to coronavirus outbreak - conf call

Deere & co exec says markets such as brazil got off to a slower start, even as underlying fundamentals and farm production remains high - conf call.deere exec says u.s. farmer sentiment showed early signs of stabilization during the quarter as uncertainty on market access abated with passage of usmca, signing of the phase 1 china trade deal.deere exec says u.s. farmers will likely remain cautious until ag exports to china begin to flow.deere exec says soybean exports to china are unlikely to increase significantly until harvest season.deere exec says combine early order program ended up low single digits in the u.s.deere exec says monitoring coronavirus situation & working closely with chinese authorities focused on well-being of employees, safe return to production.deere exec says biggest potential impact of coronavirus is in relation to supply base that serves co's international operations.deere exec says coronavirus situation remains fluid and co is working closely with suppliers, logistics providers.deere exec says expects $40 million in expedited freight cost to deal with supply issues due to coronavirus outbreak.deere exec says expects "lighter" topline, profit margin in q2 because of coronavirus outbreak.deere exec says coronavirus outbreak to impact sales of road construction equipment in china.deere exec says co has seen impact on construction equipment sales in china last month because of coronavirus.
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