Farmer sentiment weakened again in October as the Purdue University/CME Group Ag Economy Barometer dropped 10 points to a reading of 102. Both barometer’s sub-indices also declined this month. The Current Conditions Index dipped 8 points to a reading of 101, while the Future Expectations Index dropped 11 points to a reading of 102. The “Ag Economy Barometer” is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. This month’s survey was conducted Oct. 10-14.
“Concern over rising interest rates grew once again in October and is adding to…
