Farms.com Home   News

Coronavirus Impacting Ag Markets

The ag markets are feeling the impact of the coronavirus.
 
Tyler Fulton is the Director of Risk Management with Hams Marketing Services.
 
"Just wide-spread weakness across a lot of financial markets and ag markets, kind of in response to the uncertainty related to the coronavirus," he said. "There's a lot of concern as to how that can impact demand and whether or not it's possible that it could trigger a recession in places if it becomes very wide spread."
 
Fulton says forward hog contract prices showed serious weakness to open the week.
 
He notes U.S. cash markets are still struggling after the heavy hog supply that came in during November and December. Fulton adds cash prices focus more on the nuts and bolts and are not impacted as much by speculation.
Click here to see more...

Trending Video

NEW “FEMO” = AI STOCK FRENZY!

Video: NEW “FEMO” = AI STOCK FRENZY!


The new acronym on Wall Street is not “FOMO”, its “FEMO” - Fabulous Earnings Momentum. DELL this week crushed their earnings and revenue guidance sending the stock up 40%! Micron's valuation went from 500 billion to 1 trillion in 48 days!
U.S. Corn Belt drought expanding need timely rains in June.
Rumors this week that China was lowering U.S, ag tariffs and wanting to buy U.S. corn?
Flood could damage crops in China like corn and wheat.
U.S./Iran 60-day truce = lower crude oil futures by end of June.
U.S. urea futures down 28%.
Soy oil and canola futures technically breaking out
+ CFTC.