{"id":1353,"date":"2017-08-02T15:34:58","date_gmt":"2017-08-02T19:34:58","guid":{"rendered":"https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/?p=1353"},"modified":"2017-08-02T15:34:58","modified_gmt":"2017-08-02T19:34:58","slug":"ag-barometer-indicates-farmer-sentiment-highest-level-since-january","status":"publish","type":"post","link":"https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/ag-barometer-indicates-farmer-sentiment-highest-level-since-january\/","title":{"rendered":"Ag Barometer indicates farmer sentiment is at highest level since January"},"content":{"rendered":"<div id=\"page-container\">\n<div id=\"inner-page-container\">\n<div id=\"main-content-container\" class=\"float-group\">\n<div id=\"single-column-content-container\">\n<p>WEST LAFAYETTE, Ind. and CHICAGO \u2013 Farmers\u2019 sentiment about the agricultural economy climbed to 139 in July &#8211; the highest level recorded in 2017 since January, according to the\u00a0<a href=\"https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/\">Purdue University\/CME Group Ag Economy Barometer<\/a>.<\/p>\n<p>The barometer, which is based on a survey of 400 U.S. agricultural producers, exceeded recent<\/p>\n<div id=\"attachment_1337\" style=\"width: 310px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1337\" id=\"longdesc-return-1337\" class=\"wp-image-1337 size-medium\" tabindex=\"-1\" src=\"https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/wp-content\/uploads\/2017\/07\/Fig1-300x203.png\" alt=\"Figure 1. Purdue\/CME Group Ag Economy Barometer, October 2015 to July 2017.\" width=\"300\" height=\"203\" longdesc=\"https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer?longdesc=1337&amp;referrer=1353\" srcset=\"https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/wp-content\/uploads\/2017\/07\/Fig1-300x203.png 300w, https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/wp-content\/uploads\/2017\/07\/Fig1-768x519.png 768w, https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/wp-content\/uploads\/2017\/07\/Fig1-1024x692.png 1024w, https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/wp-content\/uploads\/2017\/07\/Fig1-348x235.png 348w, https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/wp-content\/uploads\/2017\/07\/Fig1.png 1101w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-1337\" class=\"wp-caption-text\">The Purdue\/CME Group Ag Economy Barometer climbed to 139 in July as stronger commodity prices led to more optimistic producer sentiment. (Purdue\/CME Group Ag Economy Barometer\/David Widmar)<\/p><\/div>\n<p>barometer readings by 8 to 9 points &#8211; breaking out from a range of 130 to 131 during the months of April, May and June.<\/p>\n<p>Overall, farmers\u2019 sentiment this summer has been significantly more positive than it was during the summer of 2016, when the Ag Economy Barometer ranged from the mid-90s to the low 100s, according to\u00a0<a href=\"http:\/\/agribusiness.purdue.edu\/faculty-and-staff\/jim-mintert\">Jim Mintert<\/a>, the barometer\u2019s principal investigator and director of Purdue University\u2019s Center for Commercial Agriculture.<\/p>\n<p class=\"FORMAT-BODY\">The barometer\u2019s two sub-indices also were higher in July, with the Index of Current Conditions rising from 132 in June to 142 in July, and the Index of Future Expectations climbing from 131 in June to 138 in July.<\/p>\n<p>The July 2017 index also marked the second-highest level for farmers\u2019 sentiment in the history of the barometer, which launched in October 2015.<\/p>\n<p>A key factor contributing to the more positive outlook among agricultural producers includes expectations for higher prices of key commodities. As part of the most recent Ag Economy Barometer survey, producers were asked if they anticipated higher, lower or similar prices for grain, cotton and oilseed in the next 12 months.<\/p>\n<p>Of the 400 respondents, 39 percent said they expected to see higher prices for corn in the coming year. That compares to the 24 percent that was reported in the April 2017 survey and 22 percent in the July 2016 survey. Expectations for increases in soybean and wheat prices were nearly as strong as they were for corn, according to Mintert.<\/p>\n<p>The improvement in producers\u2019 expectations for grain and oilseed prices corresponded with market volatility during the early summer. For example, corn futures prices, based on the December 2017 futures contract, traded down to a low of about $3.75 in late June 2017 to a high of more than $4.15 in early July over a span of just a few trading days. The price increase seems to have helped boost producers\u2019 price expectations, the report indicated.<\/p>\n<p class=\"FORMAT-BODY\">Read the full July Ag Economy Barometer report at\u00a0<a href=\"http:\/\/purdue.edu\/agbarometer\">http:\/\/purdue.edu\/agbarometer<\/a>.<\/p>\n<p class=\"FORMAT-BODY\">The Ag Economy Barometer, Index of Current Conditions and Index of Future Expectations are available on the Bloomberg Terminal under the following ticker symbols: AGECBARO, AGECCURC and AGECFTEX.<\/p>\n<p class=\"FORMAT-BODY\"><strong>About the Purdue University Center for Commercial Agriculture<\/strong><\/p>\n<p class=\"FORMAT-BODY\">The\u00a0<a href=\"https:\/\/ag.purdue.edu\/commercialag\/Pages\/default.aspx\">Center for Commercial Agriculture<\/a>\u00a0was founded in 2011 to provide professional development and educational programs for farmers. Housed within Purdue University&#8217;s Department of Agricultural Economics, the center\u2019s faculty and staff develop and execute research and educational programs that address the different needs of managing in today\u2019s business environment.<\/p>\n<p class=\"FORMAT-BODY\"><strong>About CME Group<\/strong><\/p>\n<p class=\"FORMAT-BODY\">As the world\u2019s leading and most diverse derivatives marketplace, CME Group (<a href=\"http:\/\/www.cmegroup.com\/\">www.cmegroup.com<\/a>) is where the world comes to manage risk. Through its exchanges, CME Group offers the widest range of global benchmark products across all major asset classes, including futures and options based on\u00a0<a href=\"http:\/\/www.cmegroup.com\/trading\/interest-rates\/index.html\">interest rates<\/a>,\u00a0<a href=\"http:\/\/www.cmegroup.com\/trading\/equity-index\/index.html\">equity indexes<\/a>,\u00a0<a href=\"http:\/\/www.cmegroup.com\/trading\/fx\/\">foreign exchange<\/a>,\u00a0<a href=\"http:\/\/www.cmegroup.com\/trading\/energy\/\">energy<\/a>,\u00a0<a href=\"http:\/\/www.cmegroup.com\/trading\/agricultural\/\">agricultural products<\/a>\u00a0and\u00a0<a href=\"http:\/\/www.cmegroup.com\/trading\/metals\/\">metals<\/a>. CME Group provides electronic trading globally on its\u00a0<a href=\"http:\/\/www.cmegroup.com\/globex\/index.html\">CME Globex<\/a>\u00a0platform. The company also offers clearing and settlement services across asset classes for exchange-traded and over-the-counter derivatives through its clearinghouses\u00a0<a href=\"http:\/\/www.cmegroup.com\/clearing\/index.html\">CME Clearing<\/a>\u00a0and\u00a0<a href=\"http:\/\/www.cmegroup.com\/europe\/clearing-europe\/\">CME Clearing Europe<\/a>. CME Group\u2019s products and services ensure that businesses around the world can effectively manage risk and achieve growth.<\/p>\n<p class=\"FORMAT-BODY\">CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT, Chicago Board of Trade, KCBT and Kansas City Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. Dow Jones, Dow Jones Industrial Average, S&amp;P 500 and S&amp;P are service and\/or trademarks of Dow Jones Trademark Holdings LLC, Standard &amp; Poor&#8217;s Financial Services LLC and S&amp;P\/Dow Jones Indices LLC, as the case may be, and have been licensed for use by Chicago Mercantile Exchange Inc. All other trademarks are the property of their respective owners.<\/p>\n<p class=\"FORMAT-WRITER\"><b>Writer:<\/b>\u00a0Shari Finnell, 765-494-2722,\u00a0<a href=\"mailto:sfinnell@purdue.edu\">sfinnell@purdue.edu<\/a><b>\u00a0<\/b><\/p>\n<p class=\"FORMAT-WRITER\"><b>Sources:<\/b>\u00a0Jim Mintert, 765-494-4310,\u00a0<a href=\"mailto:jmintert@purdue.edu\">jmintert@purdue.edu<\/a><\/p>\n<p class=\"FORMAT-WRITER\">David Widmar, 765-494-0848,\u00a0<a href=\"mailto:dwidmar@purdue.edu\">dwidmar@purdue.edu<\/a><\/p>\n<p class=\"FORMAT-WRITER\"><b>Media contacts:\u00a0<\/b>Jennifer Stewart-Burton, 765-496-6032,\u00a0<a href=\"mailto:jsstewar@purdue.edu\">jsstewar@purdue.edu<\/a><\/p>\n<p class=\"FORMAT-WRITER\">Chris Grams, 312-930-3435,\u00a0<a href=\"mailto:chris.grams@cmegroup.com\">chris.grams@cmegroup.com<\/a><\/p>\n<p class=\"FORMAT-WRITER\"><b>Related website:<\/b><\/p>\n<p class=\"FORMAT-WRITER\"><a href=\"http:\/\/purdue.edu\/commercialag\">Purdue University Center for Commercial Agriculture<\/a><\/p>\n<p class=\"FORMAT-WRITER\"><a href=\"http:\/\/www.cmegroup.com\/\">CME Group<\/a><\/p>\n<p class=\"FORMAT-WRITER\"><strong>Agricultural Communications:<\/strong>\u00a0(765) 494-8415;<\/p>\n<p>Shari Finnell, Manager\/Media Relations and Public Information,\u00a0<a href=\"mailto:sfinnell@purdue.edu\">sfinnell@purdue.edu<\/a><\/p>\n<p><a href=\"https:\/\/ag.purdue.edu\/agcomm\/pages\/news.aspx\">Agriculture News Page<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>WEST LAFAYETTE, Ind. and CHICAGO \u2013 Farmers\u2019 sentiment about the agricultural economy climbed to 139 in July &#8211; the highest level recorded in 2017 since January, according to the\u00a0Purdue University\/CME Group Ag Economy Barometer. The barometer, which is based on a survey of 400 U.S. agricultural producers, exceeded recent barometer readings by 8 to 9&hellip;<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[7],"tags":[],"class_list":["post-1353","post","type-post","status-publish","format-standard","hentry","category-media"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ag Barometer indicates farmer sentiment is at highest level since January<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/ag-barometer-indicates-farmer-sentiment-highest-level-since-january\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ag Barometer indicates farmer sentiment is at highest level since January\" \/>\n<meta property=\"og:description\" content=\"WEST LAFAYETTE, Ind. and CHICAGO \u2013 Farmers\u2019 sentiment about the agricultural economy climbed to 139 in July &#8211; the highest level recorded in 2017 since January, according to the\u00a0Purdue University\/CME Group Ag Economy Barometer. The barometer, which is based on a survey of 400 U.S. agricultural producers, exceeded recent barometer readings by 8 to 9&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/ag-barometer-indicates-farmer-sentiment-highest-level-since-january\/\" \/>\n<meta property=\"og:site_name\" content=\"Ag Economy Barometer\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/purdueagribusiness\/?fref=ts\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-02T19:34:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/wp-content\/uploads\/2017\/07\/Fig1-300x203.png\" \/>\n<meta name=\"author\" content=\"CCA General\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@PUCommercialAg\" \/>\n<meta name=\"twitter:site\" content=\"@PUCommercialAg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"CCA General\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/ag.purdue.edu\\\/commercialag\\\/ageconomybarometer\\\/ag-barometer-indicates-farmer-sentiment-highest-level-since-january\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ag.purdue.edu\\\/commercialag\\\/ageconomybarometer\\\/ag-barometer-indicates-farmer-sentiment-highest-level-since-january\\\/\"},\"author\":{\"name\":\"CCA General\",\"@id\":\"https:\\\/\\\/ag.purdue.edu\\\/commercialag\\\/ageconomybarometer\\\/#\\\/schema\\\/person\\\/045f3d601bcacb9a9c5a95fcbaddfd5b\"},\"headline\":\"Ag Barometer indicates farmer sentiment is at highest level since January\",\"datePublished\":\"2017-08-02T19:34:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ag.purdue.edu\\\/commercialag\\\/ageconomybarometer\\\/ag-barometer-indicates-farmer-sentiment-highest-level-since-january\\\/\"},\"wordCount\":813,\"image\":{\"@id\":\"https:\\\/\\\/ag.purdue.edu\\\/commercialag\\\/ageconomybarometer\\\/ag-barometer-indicates-farmer-sentiment-highest-level-since-january\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ag.purdue.edu\\\/commercialag\\\/ageconomybarometer\\\/wp-content\\\/uploads\\\/2017\\\/07\\\/Fig1-300x203.png\",\"articleSection\":[\"Media\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ag.purdue.edu\\\/commercialag\\\/ageconomybarometer\\\/ag-barometer-indicates-farmer-sentiment-highest-level-since-january\\\/\",\"url\":\"https:\\\/\\\/ag.purdue.edu\\\/commercialag\\\/ageconomybarometer\\\/ag-barometer-indicates-farmer-sentiment-highest-level-since-january\\\/\",\"name\":\"Ag Barometer indicates farmer sentiment is at highest level since January\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ag.purdue.edu\\\/commercialag\\\/ageconomybarometer\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/ag.purdue.edu\\\/commercialag\\\/ageconomybarometer\\\/ag-barometer-indicates-farmer-sentiment-highest-level-since-january\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/ag.purdue.edu\\\/commercialag\\\/ageconomybarometer\\\/ag-barometer-indicates-farmer-sentiment-highest-level-since-january\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ag.purdue.edu\\\/commercialag\\\/ageconomybarometer\\\/wp-content\\\/uploads\\\/2017\\\/07\\\/Fig1-300x203.png\",\"datePublished\":\"2017-08-02T19:34:58+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/ag.purdue.edu\\\/commercialag\\\/ageconomybarometer\\\/#\\\/schema\\\/person\\\/045f3d601bcacb9a9c5a95fcbaddfd5b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/ag.purdue.edu\\\/commercialag\\\/ageconomybarometer\\\/ag-barometer-indicates-farmer-sentiment-highest-level-since-january\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/ag.purdue.edu\\\/commercialag\\\/ageconomybarometer\\\/ag-barometer-indicates-farmer-sentiment-highest-level-since-january\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ag.purdue.edu\\\/commercialag\\\/ageconomybarometer\\\/ag-barometer-indicates-farmer-sentiment-highest-level-since-january\\\/#primaryimage\",\"url\":\"https:\\\/\\\/ag.purdue.edu\\\/commercialag\\\/ageconomybarometer\\\/wp-content\\\/uploads\\\/2017\\\/07\\\/Fig1.png\",\"contentUrl\":\"https:\\\/\\\/ag.purdue.edu\\\/commercialag\\\/ageconomybarometer\\\/wp-content\\\/uploads\\\/2017\\\/07\\\/Fig1.png\",\"width\":1101,\"height\":744,\"caption\":\"The Purdue\\\/CME Group Ag Economy Barometer climbed to 139 in July as stronger commodity prices led to more optimistic producer sentiment. 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The barometer, which is based on a survey of 400 U.S. agricultural producers, exceeded recent barometer readings by 8 to 9&hellip;","og_url":"https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/ag-barometer-indicates-farmer-sentiment-highest-level-since-january\/","og_site_name":"Ag Economy Barometer","article_publisher":"https:\/\/www.facebook.com\/purdueagribusiness\/?fref=ts","article_published_time":"2017-08-02T19:34:58+00:00","og_image":[{"url":"https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/wp-content\/uploads\/2017\/07\/Fig1-300x203.png","type":"","width":"","height":""}],"author":"CCA General","twitter_card":"summary_large_image","twitter_creator":"@PUCommercialAg","twitter_site":"@PUCommercialAg","twitter_misc":{"Written by":"CCA General","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/ag-barometer-indicates-farmer-sentiment-highest-level-since-january\/#article","isPartOf":{"@id":"https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/ag-barometer-indicates-farmer-sentiment-highest-level-since-january\/"},"author":{"name":"CCA General","@id":"https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/#\/schema\/person\/045f3d601bcacb9a9c5a95fcbaddfd5b"},"headline":"Ag Barometer indicates farmer sentiment is at highest level since January","datePublished":"2017-08-02T19:34:58+00:00","mainEntityOfPage":{"@id":"https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/ag-barometer-indicates-farmer-sentiment-highest-level-since-january\/"},"wordCount":813,"image":{"@id":"https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/ag-barometer-indicates-farmer-sentiment-highest-level-since-january\/#primaryimage"},"thumbnailUrl":"https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/wp-content\/uploads\/2017\/07\/Fig1-300x203.png","articleSection":["Media"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/ag-barometer-indicates-farmer-sentiment-highest-level-since-january\/","url":"https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/ag-barometer-indicates-farmer-sentiment-highest-level-since-january\/","name":"Ag Barometer indicates farmer sentiment is at highest level since January","isPartOf":{"@id":"https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/ag-barometer-indicates-farmer-sentiment-highest-level-since-january\/#primaryimage"},"image":{"@id":"https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/ag-barometer-indicates-farmer-sentiment-highest-level-since-january\/#primaryimage"},"thumbnailUrl":"https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/wp-content\/uploads\/2017\/07\/Fig1-300x203.png","datePublished":"2017-08-02T19:34:58+00:00","author":{"@id":"https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/#\/schema\/person\/045f3d601bcacb9a9c5a95fcbaddfd5b"},"breadcrumb":{"@id":"https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/ag-barometer-indicates-farmer-sentiment-highest-level-since-january\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/ag-barometer-indicates-farmer-sentiment-highest-level-since-january\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/ag-barometer-indicates-farmer-sentiment-highest-level-since-january\/#primaryimage","url":"https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/wp-content\/uploads\/2017\/07\/Fig1.png","contentUrl":"https:\/\/ag.purdue.edu\/commercialag\/ageconomybarometer\/wp-content\/uploads\/2017\/07\/Fig1.png","width":1101,"height":744,"caption":"The Purdue\/CME Group Ag Economy Barometer climbed to 139 in July as stronger commodity prices led to more optimistic producer sentiment. 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