Agricultural commodities have been dropping this year, primarily on concerns of falling global trade and decreasing foreign demand for U.S. ag exports. When the coronavirus was primarily contained within China, the hardest-hit markets were those…
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…
China Counters Coronavirus with Stimulus
After being closed for weeks due to the Lunar New Year and coronavirus containment measures, many Chinese companies were set to resume business this week. However, many remain below normal capacity due to supply shortages,…
Commodities Selloff Stops
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…