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Farmer sentiment bounces back
October provided a surprising pre-election bounce in farmer sentiment as the Purdue University-CME Group Ag Economy Barometer climbed to 115, 27 points above the September index. The biggest driver of the sentiment improvement was an increase in producers’ confidence in the future. The Future Expectations Index jumped 30 points to 124. The Current Conditions Index also rose in October but by a smaller amount. With a reading of 95, the Current Conditions Index confirmed that farmers think...