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Farmer sentiment strengthened in November as rising crop prices and improved export prospects pushed the Purdue University/CME Group Ag Economy Barometer to 139—its highest reading since June. Much of the increase was driven by a sharp 15-point jump in future expectations, even as current conditions held steady. Financial outlooks improved alongside a 10–15% rally in fall delivery corn and soybean bids, helping offset weaker cattle prices in the livestock sector. Yet producers remain cautious: capital investment sentiment slipped further, and fewer farmers view today as a good time to expand. Long-term farmland value expectations reached a record high, while most corn producers anticipate stable cash rents heading into 2026. The survey also highlights shifting crop production strategies as growers respond to projected tight operating margins—considering lower-cost seed traits, reduced phosphorus applications, and adjustments to seeding and nitrogen rates.