Grain truck at elevator

Mar 04, 2020 at 01:32 PM CST
The coronavirus isn’t hammering the grain markets the same way it is hitting the stock market, but it isn’t helping an already challenging situation. “We’ve got large supplies in the United States and the world,” says Don Roose, president of U.S. Commodities in West Des Moines. “And we’ve got large supplies from South America coming soon.” The coronavirus hasn’t been a huge factor in the markets, Roose adds, but it has added just one more piece of uncertainty. The impact of the coronavirus would appear to be primarily in overall world economic uncertainty and perhaps in the idea that it could impact demand from China in the coming months.

Mar 04, 2020 at 01:32 PM CST

The coronavirus isn’t hammering the grain markets the same way it is hitting the stock market, but it isn’t helping an already challenging situation. “We’ve got large supplies in the United States and the world,” says Don Roose, president of U.S. Commodities in West Des Moines. “And we’ve got large supplies from South America coming soon.” The coronavirus hasn’t been a huge factor in the markets, Roose adds, but it has added just one more piece of uncertainty. The impact of the coronavirus would appear to be primarily in overall world economic uncertainty and perhaps in the idea that it could impact demand from China in the coming months.