Farmer sentiment rebounded this past month after a sharp fall in the CME Group and Purdue University Ag Economy Barometer in May. In May, 44 percent of the farmers surveyed expected their farm’s financial situation to decline in upcoming year. In June, just 32 percent expected their financial situation to decline. Purdue Center for Commercial Ag Director, Dr. James Mintert says commodity prices during the survey period likely played a role. “When we collected data, it was the middle of June in the midst of the rally in corn and soybeans in particular and to some extent wheat prices.” The outlook for interest rates also improved. Click here for the full interview with Dr. Mintert.
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