Wheat prices popped near a one-year high on Friday after Russia announced that it was going to limit grain exports through June due to concerns that the coronavirus was creating food shortages in Russia. Russia…
Oil Plunges Deeper
Oil prices continued to crash this week, reaching an 18-year low on Wednesday near $20 per barrel. Prices are being eviscerated as Saudi Arabia and Russia continue to pump at a record pace in an…
Meat Prices Downright Rotten
Market anxiety spilled into beef and pork prices this week, sending futures contracts sharply lower. Meat demand is reactive to overall economic concerns; when people have extra money, they’re more likely to buy steaks, but…
Interest Rates Plummet as Virus Cases Rise
Interest rates collapsed this week as markets continued to absorb the impact of the spread of COVID-19. On Tuesday, the U.S. Federal Reserve announced an emergency 0.5% rate cut in an attempt to get ahead…