U.S. farmer sentiment strengthened in November, and the improvement looks notably different from October’s story.
The Purdue University-CME Group Ag Economy Barometer climbed to 139 in November, up 10 points from October and the highest reading since June. While October’s modest gain was driven largely by better “current conditions,” November’s jump was powered by a much more optimistic view of what’s ahead. The Future Expectations Index rose 15 points to 144, while the Current Conditions Index slipped 2 points to 128.