The latest report from the Purdue University/CME Group Ag Economy Barometer indicates that U.S. farmers’ inflation expectations have subsided while overall producer sentiment changed little.
The December barometer recorded a reading of 114, just one point lower than in November. Both subindices of the barometer, the Index of Current Conditions and the Index of Future Expectations, mirrored this slight decline, settling one point below their respective November figures at 112 and 115. Notably, farmers’ inflation expectations for the upcoming year were markedly lower than those reported a…
