Deere signals recovery as U.S. farmers to benefit from relief program

(Reuters) - Deere & Co on Friday topped quarterly sales and profit estimates and forecast a smaller-than-expected fall in farm equipment sales for the year, signaling a recovery in demand for its harvesters and tractors. Shares of the company, which withdrew its outlook in March due to an escalating COVID-19 pandemic, rose as much as 4% in early trading.Deere's fresh forecast comes more than a month after President Donald Trump announced a $19 billion (£15.61 billion) relief program to help..