john deere tractors are seen for sale at a dealer in longmont colorado us february 21 2017 reutersrick wilkingfile photo aug 19 reuters  deere  co den reported a rise in quarterly profit on friday as higher equipment demand coupled with a robust pricing environment helped the worlds largest farm equipment maker to offset inflationary cost pressures gaps between the supply and demand for grains increased amid the ukraine crisis while growing consumer demand spiked prices putting pressure on farmers to produce more and upgrade their aging fleet last month deeres peer agco corp agcon said there would not be enough grain in the market for some time which would support prices deere sees fullyear earnings to be in the range of 70 billion to 72 billion compared with previous outlook of 70 billion to 74 billion the moline illinoisbased firms net income was 188 billion or 616 per share for the quarter ended july 31 compared with 167 billion or 532 per share a year earlier total net sales and revenue rose about 22 to 1410 billion reporting by aishwarya nair in bengaluru editing by krishna chandra eluri