Ag Economy Barometer Stable In July
By James Mintert and Michael Langemeier, Delta Farm Press
The Purdue University-CME Group Ag Economy Barometer rose one point in July 2020 to a reading of 118. The small change in the barometer left it 30% below its February 2020 peak and 23% below its level a year ago.
Although there was little change in the barometer this month, there was a shift in producers’ perspective on current vs. future conditions as the Index of Current Conditions rose 12 points to 111 while the Index of Future Expectations fell to a reading of 121, five points lower than in June.