Thursday March 12, 2020

  • Corona virus puts pressure on markets this morning as fears peak in the U.S.
  • A temporary travel ban to from Europe and major event cancellations contributing to an increasing panic in North America
  • The U.S. share of global soybean production is falling for the second straight year – Brazil and Argentina now grow 53% of the worlds soybean production at 180 MMT 
  • Weekly export numbers particularly disappointing for beans – wheat on lower end of expected range, with corn coming in with a strong week