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Grain Traders Getting Squeezed by Oversupply
Over the past few years, farmers have cut their spending due to low commodity prices caused, in part, by a global glut of commodities. A Dow Jones report indicates that it’s now commodity traders’ turn to make significant adjustments. Major players in the global grain trade, such as Archer Daniels Midland and Bunge, Ltd., are reducing expenditures by hundreds of …
Lower Commodity Prices Dragging Farm Optimism
Lower commodity prices in August pushed farm economy optimism lower, according to the Purdue-CME Group Ag Economy Barometer released this week. The barometer drifted lower in August to 132 points, down seven points from July, but still stronger than the year ago level of 96. A reading over 100 indicates optimism regarding the farm economy, while a reading below indicates …