Record Decline In The Purdue University/CME Group Ag Economy Barometer As Trade War Concerns And Low Commodity Prices Weaken Producer Outlook

The Purdue University/CME Group Ag Economy Barometer declined 26 points, down to 117, in July making it the largest one-month decline in producer sentiment since data collection began in October 2015. The drop in sentiment was fueled by increasing trade war concerns and decreasing commodity prices.