After rising sharply two months in a row, the Ag Economy Barometer weakened significantly in August falling back to a reading of 124, down 29 points compared to a month earlier and just slightly below the June reading of 126. The barometer’s decline was attributable to declines in both the Index of Current Conditions, which dropped 19 points below the previous month, and especially the Index of Future Expectations, which fell 34 points below its July reading. CONT.
James Mintert & Michael Langemeier, Purdue U. Center for Commercial Agriculture
