Farmer sentiment improved in the latest Purdue University/CME Group Ag Economy Barometer.
But, Jim Mintert, the barometer’s principal investigator, says it’s important to note the timing of the survey.
“This month’s survey was done between the 10th and the 14th of April. That was a little bit before commodity prices broke to the downside,” he says. “When we look ahead to the next survey, it will be interesting to see how much impact that has.