Ag Barometer declines for second month amid looming trade war concerns
WEST LAFAYETTE, Ind. and CHICAGO – Trade war concerns continue to drive a sharp decline in producer sentiment toward the agricultural economy, according to the Purdue University/CME Group Ag Economy Barometer. The April barometer reading of 125 was 10 points lower than a month earlier and 15 points below the February reading. The barometer is…
Read MoreBarometer Declines for Second Month in a Row
James Mintert, David Widmar and Michael Langemeier The Purdue/CME Group Ag Economy Barometer fell to 125 in April, which was 10 points lower than a month earlier and 15 points below its February reading (Figure 1). The sharp drop in the ag producer sentiment index, which is based upon a monthly a survey of 400…
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James Mintert, David Widmar and Michael Langemeier The Purdue/CME Group Ag Economy Barometer slipped to 135 in March, down 5 points compared to February, but unchanged from January’s results (Figure 1). The decline in the sentiment index, which is based upon a monthly a survey of 400 agricultural producers from across the U.S, was attributable…
Read MoreSentiment falls as producers express concerns about ag exports
WEST LAFAYETTE, Ind. and CHICAGO – The Purdue University/CME Group Ag Economy Barometer fell to 135 in March, given uncertainty around trade relations and possible implications for U.S ag exports. The 5-point decline in sentiment comes as a result of producers’ less-optimistic perceptions of both current conditions and future expectations. The Index of Current Conditions…
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