The CME Group/Purdue University Ag Economy Barometer reading fell eight points in August to 115. Purdue University Center for Commercial Ag Director Dr. James Mintert said current economic conditions brought the reading lower. “I think for a lot of people it’s related to the fact that we were seeing lower commodity prices for corn and soybeans.” Input costs were also a concern for those surveyed. “People are maybe starting to worry a little bit about a cost-price squeeze.” Mintert predicts that uncertainty in yields could impact the September reading. Click here for the full interview with Dr. James Mintert.
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