Deere said it was no longer "cautiously optimistic", as it had been for so long, as farmers began to shy away from major purchases amid uncertainty about demand for their products both at home and abroad. "Ongoing concerns about export-market access, near-term demand for commodities such as soybeans, and a delayed planting season in much of North America are causing farmers to become much more cautious about making major purchases," added Allen. As of 1550 BST, Deere shares had slid 4.81% $128.97 each.