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The latest Purdue University/CME Group Ag Economy Barometer shows farmer sentiment has rebounded for the first time in three months. Ag economist Michael Langemeier, director of Purdue’s Center for Commercial Agriculture, says producers are more optimistic about the current economic outlook. “There was an increase in corn prices of about 25 cents,” he says. “There was The post Farmer sentiment rebounds in the latest Ag Economy Barometer survey appeared first on Brownfield Ag News.
Soybeans were lower on fund and technical selling. Near-term development weather looks favorable, including rain in some key growing areas, and crude oil was down sharply. The USDA’s national good to excellent rating did hold over the past week but is below a year ago. China bought 132,000 tons of new crop U.S. beans ahead The post Soybeans, corn see more pressure from weather, crude oil appeared first on Brownfield Ag News.
The president of American Farm Bureau isn’t mincing words when it comes to the current struggles in agriculture. Zippy Duvall says farmers continue to face low commodity prices and high input costs. “The farm economy is terrible. And along with all the things we’re doing to try to get a farm bill done, we’re also The post AFBF’s Duvall: farm economy ‘terrible’ as farmers face mounting financial pressure appeared first on Brownfield Ag News.
An agronomist with BASF says it’s been a challenging growing season for many producers in the Western Corn Belt. Jeff Mueller says he’s calling it a rollercoaster year. “We’ve been dry all year and we’ve been really fighting a lot of stuff. Wildfires and things have been going on. Planting, we got stuff in the The post Agronomist: Weather extremes have tested crops this season appeared first on Brownfield Ag News.