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According to the monthly Purdue-CME index, farmer sentiment regarding current conditions dropped by 5 points in June to 113 points, the lowest level since December 2024. Farmers' view about the future also fell by 7 points to 118 points.
U.S. cattle groups are united to urge USTR to remove the exemption for Brazilian beef from proposed 25% tariffs, arguing it undermines efforts to hold Brazil accountable for illegal deforestation and unfair trade practices.
Corn was rated 67% in good-to-excellent condition, and soybeans were rated 64% in good-to-excellent condition as of Sunday, July 5. Winter wheat harvest reached 59% complete.
