Purdue University - CME Group     


February 22, 2018

Purdue, CME Group to host Commodity Classic session

WEST LAFAYETTE, Ind. and CHICAGO – Economists from Purdue University’s Center for Commercial Agriculture and CME Group will present a learning center session at Commodity Classic on Feb. 27 at 8:15 a.m. The conference runs Feb. 27-March 1 in Anaheim, California.

The session is titled “The Ag Economy Barometer: Lessons from 2017 and Strategies for 2018.” It will focus on the key lessons from 2017 and help producers plan for the financial realities of 2018, based on data from the barometer, including quarterly thought leaders surveys.

“Crop budgets and commodity prices in early 2017 were a near repeat of the tough financial conditions producers faced in early 2016,” said James Mintert, center director and session panelist. “However, producers were more optimistic in early 2017. Anecdotal evidence, such as attendance at land auctions and activity at equipment dealerships, hinted that producers were hopeful about what was in store for 2017 and beyond. But as we have seen, commodity prices have continued to hover at or below break-even levels. During this session, we will take a look at what the current agricultural economy means for 2018.”

In addition to Mintert, panelists are Jason Henderson, director of Purdue Extension and associate dean of Purdue Agriculture; Fred Seamon, executive director of agricultural research and product development, CME Group; and David Widmar, Purdue senior research associate.

Since April, the Ag Economy Barometer, which is based on a monthly survey of 400 U.S. agricultural producers, has predominantly trended lower until an uptick in producer sentiment in January 2018. The panel will discuss some of the drivers of producer economic sentiment, key lessons from 2017, and factors to consider when planning management strategies for the 2018 growing season.

Learn more about this and other sessions at www.commodityclassic.com.

Follow monthly Ag Economy Barometer reports at http://purdue.edu/AgBarometer. The barometer and its two sub-indices—the Index of Current Conditions and Index of Future Expectations—can also be found on the Bloomberg Terminal under the following ticker symbols: AGECBARO, AGECCURC and AGECFTEX. 

About the Purdue University Center for Commercial Agriculture

The Center for Commercial Agriculture was founded in 2011 to provide professional development and educational programs for farmers. Housed within Purdue University's Department of Agricultural Economics, the center’s faculty and staff develop and execute research and educational programs that address the different needs of managing in today’s business environment. 

About CME Group

As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. Around the world, CME Group brings buyers and sellers together through its CME Globex® electronic trading platform. CME Group also operates one of the world's leading central counterparty clearing providers through CME Clearing, which offers clearing and settlement services across asset classes for exchange-traded and over-the-counter derivatives. CME Group products and services ensure that businesses around the world can effectively manage risk and achieve growth.

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&P 500 and S&P are service and/or trademarks of Dow Jones Trademark Holdings LLC, Standard & Poor's Financial Services LLC and S&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. 

Writer: Jennifer Stewart-Burton, 765-496-6032, jsstewar@purdue.edu 

Sources: Jim Mintert, 765-494-4310, jmintert@purdue.edu

David Widmar, 765-494-0848, dwidmar@purdue.edu

Chris Grams, 312-930-3435, chris.grams@cmegroup.com 

Related website:

Purdue University Center for Commercial Agriculture

CME Group

Agricultural Communications: (765) 494-8415; 
Darrin Pack, Manager/Media Relations and Public Information, dpack@purdue.edu  
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