Data & Forecasts

Improved Outlook for Commodity Prices, Trade Pumps Up Farmer Sentiment

Farmer sentiment improved markedly in August as the Purdue University-CME Group Ag Economy Barometer rose to a reading of 144, 26 points higher than a month earlier. The improvement in producer sentiment was the result of improved perceptions regarding current conditions and, especially, better expectations for the future. The Index of Current Conditions rose 13 points in August to a reading of 124 while the Index of Future Expectations rose 33 points to a reading of 154.
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Condition of Corn and Soybean Decline Slightly

The condition of the U.S. corn and crops deteriorated in the past week, according to USDA’s August 30 Crop Progress report. And of the two largest corn and soybean producing states, Illinois is far ahead of neighboring Iowa in terms of the health of its crops.
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