The February Purdue University/CME Group Ag Economy Barometer declined seven points from January. Purdue University Associate Director Michael Langemeier says there was two factors driving the reduction: trade uncertainty and marketing risk. The big driver in the decline is a big drop in the current condition index. “Future expectations hasn’t changed all that much in recent months,” he says. “Producers remain optimistic looking five years out. It’s the current conditions that are a big concern.”
