The ongoing Wuhan coronavirus outbreak has been wreaking havoc on commodities markets, as the epidemic has created trade disruptions and massive uncertainty. Raw materials that are heavily dependent on Chinese demand, like copper, hogs, and…
Ags
Pork Market Slashed
Hog futures collapsed this week as markets grew increasingly worried about U.S. exports of pork. The market rallied into the new year on the expectation of the trade deal with China but have been disappointed…
Corn Market Pops
The corn market is heating up, reaching $3.94 per bushel on Thursday, a three-month high. Prices are rallying as foreign buyers look to U.S. corn for their import needs, since our crop is inexpensive compared…
Trade Deals Signed, Now What?
On Thursday the U.S. Senate overwhelmingly ratified the U.S.-Mexico-Canada Agreement (USMCA), an update to the 90’s-era NAFTA deal. The new pact is largely similar to NAFTA but has some key provisions to support U.S. auto…