usda

Grain Traders Getting Squeezed by Oversupply

Dan Corn, Industry News Release, Wheat

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 says it’s now commodity traders’ turn to do the same. Companies that dominate the global grain trade, including Archer Daniels Midland and Bunge, Ltd., are cutting spending by hundreds of millions of …

lower commodity

Lower Commodity Prices Dragging Farm Optimism

Dan Industry News Release

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 …