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Deere still expects its sales in the United States and Canada to decline by 15% to 20% this year, while its annual outlook for South America has worsened, with sales expected to fall by 15%. Deere's net profit for the second fiscal quarter was $1.77 billion, higher than the expected $1.54 billion. The company's construction and forestry division, as well as $272 million in tariff refund applications, supported its performance. Despite exceeding profit expectations, Deere’s share price at one point dropped 8.1%, reaching its lowest level since January. Brent Norwood, who was appointed as Deere’s Chief Financial Officer in early May this year, stated, “The situation in Iran is affecting Brazilian growers, who are preparing to plant a new crop around September.” He added that more broadly, “Input costs, especially fuel and fertilizers, have risen globally and will drive up inflation levels across the entire agricultural economy.”Third Bridge analyst Ryan Kinney noted that farmers need a significant increase in profits for sales of high-horsepower agricultural machinery to show substantial growth. Kinney said, “The current commodity prices and the volatility in diesel and fertilizer pricing have not helped build confidence.”Deere expects full-year net profit to be between $4.5 billion and $5 billion, in line with its February outlook. The average estimated net profit compiled by Bloomberg is $4.79 billion.

BlockBeats News, May 22nd, Trump stated that the government will likely need to refund $149 billion in tariffs. In February of this year, the U.S. Supreme Court ruled that Trump's partial tariff policy violated the IEEPA authorization, requiring the government to refund the huge amount of tariff revenue collected from importers.

BlockBeats news, on May 22, according to the latest data from CryptoQuant, Bitcoin miners' reserves continued to decline to around 41,915 BTC, and supply is still entering the market. However, the Miners' Position Index (MPI) is at a weak level (around -0.26), indicating that miners' selling pressure is limited and there has been no panic selling. Analyst PelinayPA pointed out that the current moderate supply pressure means Bitcoin is likely to maintain a sideways consolidation in the short term rather than rebound rapidly. The cautious stance of miners suggests that the true market bottom may take more time to be confirmed, and investors should be wary of a prolonged period of volatility.