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…
Author: AmyB
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…
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…
Wheat Plagued by Drought, Locusts
Wheat prices exploded on Tuesday, gaining over 20 cents per bushel as traders grew concerned about global supply threats. Australia’s crop is suffering due to dry conditions, and a plague of locusts is threatening crops…