Aug 03, 2022

Report: Slight Increase in Producer Sentiment in July

Still a high level of uncertainty, and ag producer sentiment remains weak

Farmer sentiment improved modestly in July as the Purdue-CME Group Ag Economy Barometer rose 6 points above its June reading.

The sentiment improvement occurred primarily because producers felt better about their current situation as the Index of Current Conditions rose 10 points.

Producers’ assessment of their current financial situation improved as the Farm Financial Performance Index rose 5 points in July, but when asked to look ahead one year nearly half of all respondents said they expect their farms’ financial condition to worsen in the upcoming year.

Producers’ top concerns for the upcoming year continue to focus on the rise in input prices followed closely by lower crop prices, rising interest rates and availability of inputs.

All of these factors point to a high level of uncertainty among ag producers which helps explain why farmer sentiment remains weak.

Read the full report.

Feed & Grain Staff

Recently Added to Buyer's Guide

Ribbon Blenders

  • 5-cubic-foot unit features special three-piece grate designed with angled and pitched profile
  • All three sections of the grating have position sensors which interlock with the control panel, ensuring operator safety while running

Infinifeed Loop

  • Continuous feed loop system
  • Capacities available up to 1,800 bushels/hour

Loop Conveyor System

  • Can be used to fill and empty grain bins and flat storage structures or applied to feed processing and other conveying applications
  • Available in 8-, 10- and 12-inch diameters with capacities up to 10,000 bushels/hour

BioShield

  • 5-minute ELISA testing kit
  • Use a common extraction protocol for ease of use

Q-Sage Air Screen Cleaners

  • Separates grain by length and size to specifications
  • Numerous flow patterns available to accommodate each unique product and processing need

Vertical Blender

  • For reliable, gentle mixing of friable solids, abrasive materials and shear-sensitive products
  • For processing large volumes where floor space is limited

Magazine

Marketwatch: Aug, 19

US Corn Price Idx: ZCPAUS.CM

open: 6.641
high: 6.7722
low: 6.6162
close: 6.7188

US Soybean Price Idx: ZSPAUS.CM

open: 14.2373
high: 14.5071
low: 14.1683
close: 14.448

US Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 7.8458
high: 7.8708
low: 7.6159
close: 7.6658

US Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 6.903
high: 6.918
low: 6.6755
close: 6.7339