April barometer shows slight uptick in producer sentiment

May 4, 2017

Increase part of a recent trend of greater optimism among producers.

 

Producer sentiment toward the agricultural economy inched up six points in April, according to the Purdue University/CME Group Ag Economy Barometer.

 

The barometer increased from 124 in March to 130 in April. The higher reading comes on the heels of two months of declines following the all-time high of 153 in January 2017.

 

 

April's 130-point reading represents a vast improvement in producer sentiment since the barometer launched at 106 in April 2016.