Farmer sentiment improves slightly

The Purdue University-CME Group Ag Economy Barometer increased modestly in February, posting a reading of 111. That was 5 points more than a month earlier. The modest increase in the barometer was attributable to producers expressing somewhat more optimism about the future. The Future Expectations Index increased 7 points to a reading of 115 while the Current Conditions Index was unchanged, both compared to a month earlier.Although farmer expectations for the future improved in February, their f