The Purdue University-CME Group Ag Economy Barometer rose three points to 126 in October, driven by a 16-point jump in current conditions after USDA payment rollouts. The Index of Future Expectations slipped two points on concerns about trade policy and tariffs.
The survey of 400 farmers ran October 12-16.
Sentiment readings reflect farmer mood and may signal future planting and investment behavior, but they have little immediate effect on feed grain or protein prices.
After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.