A report from the Iowa Department of Revenue is the second of the day to take note of a anemic farm economy.

The Iowa Leading Indicators Index decreased to 109.2 in January from 109.4. Due to rounding, the index registered a 0.1 percent decrease, according to a release. There were two positive contributors to the index and six negative, led by agricultural futures profits and the yield spread, according to a release.

The agricultural futures profits index was a negative contributor for the first time since January 2014, with soybean futures prices 19.2 percent lower than last January and corn futures prices down 8.5 percent. Hog profits experienced the first negative change since December 2013.

A drop in commodity prices was highlighted in a report released earlier today by Creighton University that said a strong U.S. dollar has weakened agriculture exports, crop and livestock prices and energy prices in the Midwest. Read more

The other negative contributors to the Iowa report were the Iowa stock market index, the new orders index, average weekly unemployment claims (inverted) and new residential building permits. Nine of 33 stocks in the Iowa index experienced positive gains, with two of the 11 financial sector company stocks posting a positive gain.

Diesel fuel consumption and average weekly manufacturing hours were the two positive contributors in January. Read the report here.