Ag Barometer Hits Second-Highest Level Ever

August 1, 2017 03:33 PM
 
 

After several months of stagnation, the Purdue/CME Group Ag Economy Barometer demonstrated optimism for its July reading.

The rating at 139 is the highest the barometer reading since January 2017, and it’s the second highest level since data collection started in October 2015.

According to researchers, the eight-point increase is because of producers’ perceptions of the ag economy.

Attitudeds have edged higher, primarily by the wheat crop sending futures higher in June and July, said David Widmar, senior researcher at Purdue University.

Compared to summer 2016, attitudes are more positive in 2017.

Watch Widmar's comments on the barometer below.

Back to news


 

Comments

 
Spell Check

Justin
Park City, KS
8/1/2017 08:21 PM
 

  Wheat futures actually lost all their gain by the last week in July. Completely contradicts the story you had last week.

 
 
Todd
Ulysses, KS
8/1/2017 09:41 PM
 

  Where do these ediots come from , Purdue? All you college boys get back on your X box and get off agweb

 
 
Jim Weeber
Goshen, IN
8/2/2017 10:44 AM
 

  The question asked led to results that are misleading to those paying the bills. Commodities may go up some if production is a few bushels below usda trend line predictions. We farmers automatically think about the revenue necessary to pay the bills and the big picture considering the "ag barometer." Those with less of a cheerleader view stay business longer. Personally I am astounded hearing about healthcare expense cutting into farm equity. Better check the "real" barometer of sentiment again. In the end the productive people pay the bills for real and that is a burden.

 
 

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close