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| We will probably get market reaction from weather sometime in the next few months, but whether or not it creates a rally that gets anywhere near contract highs is probably unlikely.
Corn has been one of the stronger commods, but with the ethanol issue, and reduced demand for gas, price seems on thin ice. Might be more of a basis deal, but wouldn't suprise me to see weakness to more closely match the price loss of other commods.
South Americas harvest will probably keep a lid on bean prices, but if disease causes one countries loading ports more problems than another, sourcing could change, and price respond accordingly. Bean C/O is relatively tight, so if the market can get its mind off of the virus,.....
Meat markets have been pummelled, and if packing plants have to/or are forced to close for any period of time, we ain't seen nothing yet. That could lead to aborting sows, reducing eggs sets, calve on grass for extended periods, and a corresponding reduction in grain demand that follows.
The problems of 2019 that everyone seemed to want to kiss goodbye seem so simple now.....
Edit.. Forgot about the dairy guys.. Like JR B said above.... They started dumping milk last week...
Edited by indeeppigfarmer 4/4/2020 20:58
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The Million Dollar Question
