Farmer sentiment rebounds in October on farm economy optimism

11/06/24 6:03 AM By Philip Brasher

Farmer sentiment rose sharply in October as producers expressed more confidence that there won’t be an extended downturn in the farm economy, according to the Purdue University CME Group Ag Economy Barometer.

Philip Brasher
Editor in Chief

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Agri-Pulse Open Mic: Jim Sutter, CEO, U.S. Soybean Export Council

This week’s Open Mic guest is Jim Sutter, CEO of the U.S. Soybean Export Council. As trade tensions with China have shifted more of their imports from Brazil, U.S. soybean farmers have successfully diversified their global demand base. Sutter says domestic supplies have higher quality than soybeans from anywhere else in the world and thus prove a better value for customers both in raw beans and in soy products. Sutter says production sustainability is becoming a greater priority in some markets which is a big advantage for U.S. soybean farmers and he sees increases in both global demand and production of oilseeds.

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