Spiraling Inflation and Higher Input Costs Pressuring Farmers
WEST LAFAYETTE, IN – The Purdue University/CME Group Ag Economy Barometer dropped to its lowest level since April 2020, down 22 points in May to a reading of 99. Agricultural … Read More
Tag: CME Group
Rising Input Costs Moderating Excitement Over Higher Prices
WEST LAFAYETTE, IN – One consistent theme from farmers across the nation is that higher crop prices will not offset the dramatic increase in farm production costs this year. The … Read More
Farmers Turning Pessimistic Regarding Current and Future Expectations
WEST LAFAYETTE, IN – Farmers in the U.S. appear to be losing optimism in the economy, as the latest Purdue University/CME Group Ag Economy Barometer dips to its lowest level … Read More
Labor Shortage Means Declining Optimism for Producers
According to the latest Purdue University/CME Group Ag Economy Barometer released earlier this week. two-thirds of all respondents admitted to having either some or a lot of difficulty in hiring adequate labor: a two-fold increase over one year ago.
Expectation for Higher Input Costs Drives Producer Pessimism
Nationwide, producers are expecting input costs to rise at a rate of 8 percent or more in the upcoming year, which would be more than four times the average rise over the last 10 years.
With Uncertainty in Tax Law, Farmers Less Optimistic
Despite higher grain prices, it appears that producer optimism is fading according to the latest data from the Purdue University/CME Group Ag Economy Barometer.
Latest Purdue/CME Group Ag Economy Barometer Steady
Though producers are becoming more optimistic about the future, their views on the current conditions tell a slightly different story.
CME Announces Expanded Limits for Grains and Oilseeds
The Chicago Board of Trade and Chicago Mercantile Exchange have announced a reset on price limits for grain, oilseed, and lumber futures.
Strong Beef Demand Propels Launch of Beef Index
With demand for beef growing around the globe, the CME Group is announcing the rollout of their Boxed Beef Index which reflects the prices paid for Choice and Select beef using the daily cutout values, as defined and reported by USDA.
Few Understand Financial Opportunities Through Carbon Credit Capture
President Biden has identified climate change as a top priority for his administration and interest in capturing carbon on farms that agree to follow specified production practices is increasing. To learn more about this, the Purdue/CME Group Ag Economy January barometer survey included questions related to carbon capture.
Farmers Short-term Expectations Improving, Fewer Facing Financial Stress
Producers are becoming more optimistic about short-term expectations for their farms’ financial performance, with nearly one-third expecting better financial performance in the coming year compared to 2020.
Future Expectations Dragging Purdue Ag Economy Barometer Lower
Since its peak in October of 2020, the Ag Economy Barometer has fallen 9 percent, attributable to weaker expectations for the future.
CME Group Revising Position Limits on Agricultural Contracts
Trade groups and investors are breaking down news last week from the Commodity Futures Trading Commission (CFTC) that it intends to increase both spot-month and all-months-combined speculative position limits effective March 15, 2021.
Farmers Likely to Increase Machinery Purchases in 2021
As crop prices improve, farmers and ranchers appear more optimistic to make large investments in their operations.
Farmer Optimism Improves on Rally in Crop Prices
There was a modest improvement in producer sentiment according to the December Purdue University/CME Group Ag Economy Barometer.
After Election, Farmer Sentiment Towards Future Turns Sour
The Purdue University/CME Group Ag Economy Barometer dropped 16 points to a reading of 167 in November, down from its all-time high set just one month ago.
Farmers Expecting More Cover Crop Acres This Fall
In preparing for the most recent Purdue University/CME Group Ag Economy Barometer, farmers across the country were asked about the use of cover crops.
Most Farmers Passing on Virtual Farm Show Opportunities
With so many events choosing to go virtual rather than in person, respondents of the recent Purdue University/CME Group Ag Economy Barometer were asked whether they have attended an online program and, if so, what aspects they liked and disliked.
CME Group’s New Pork Contracts Launching in November
Last week, the CME Group announced the launch of a new cash-settled pork cutout contract intended to complement existing lean hog contracts.