November brought the highest farmer sentiment reading since June, with the Purdue University/CME Group Ag Economy Barometer jumping 10 points from October to 139. The increase was driven primarily by producers’ more optimistic outlook for the future, as the Future Expectations Index climbed 15 points to 144, while the Current Conditions Index dipped 2 points to 128. November’s survey is the first conducted after the late-October announcement of a U.S.-China trade pact that includes provisions to expand U.S. agricultural exports and revealed a notable improvement in producers’ confidence in future export opportunities.
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