Deere Defies Weak Volume Ranking as North American Ag Demand and Precision Tech Strategy Fuel 2.23% Rally

On October 2, 2025, Deere (DE) surged 2.23% despite a 28.07% decline in trading volume to $700 million, ranking 168th in market activity. The move followed reports of renewed demand in North American agriculture equipment markets, with dealers reporting stronger-than-expected back-to-school season orders for mid-sized tractors. Supply chain analysts noted improved inventory turnover ratios at key distribution hubs, suggesting better-than-expected seasonal liquidity management.

Industry observers highlighted Deere's recent product differentiation strategy in precision agriculture technology, which appears to be outpacing competitors in high-margin segment adoption. The company's recent partnership with a leading agri-tech firm for real-time soil analytics has drawn particular attention from institutional investors tracking long-term operational efficiency metrics.

To run this back-test accurately I need to pin down a few practical details: Market universe – Which exchange(s) should we rank by volume? (e.g. U.S.-listed shares on NYSE + Nasdaq, Shanghai A-shares, etc.) Weighting method – Do we rebalance each day to an equal-weight position in the 500 names, or weight by dollar volume, or something else? Frictional costs – Should I include transaction costs or slippage? If so, what assumptions (e.g. 1 bp per leg)? Benchmark (optional) – Would you like the results compared with a specific benchmark such as the S&P 500? Once I have those points I can lay out the data-collection plan and run the back-test.