Farmer sentiment weakened again in March as the Purdue University/CME Group Ag Economy Barometer fell 8 points to a reading of 117. Both of the barometer’s sub-indices declined 8 points in March, leaving the Current Conditions Index at 126 and the Future Expectations Index at 113. This month’s Ag Economy Barometer, which is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey, was conducted between March 13-17.
“Rising interest rates and weaker prices for key commodities including wheat, corn, and soybeans from mid-February through mid-March were…
