Farms.com Home   News

Farmers Brace For COVID-19's Impact, Food Supply Remains Stable

Farmers Brace For COVID-19's Impact, Food Supply Remains Stable

By BROCK TURNER

While commodity markets for corn and soybeans usually dip this time of year thanks to international harvests in South American countries like Brazil global uncertainty over the coronavirus and its impact is pushing them even lower.

The prices for corn, soybeans, and most other commodities opened Monday trading well below highs they achieved earlier in March.

The Director of National Government Relations for the Indiana Farm Bureau, Bob White, says that’s mainly due to uncertainty in the market caused by global fears of the coronavirus.

That uncertainty has also led to fears that the nation’s food supply is stressed. White, however, reassures there is plenty of food to go around and that supermarkets are increasing their orders to keep up with demand.

Click here to see more...

Trending Video

Global Story Keeps Fertilizer Prices Stubbornly High Even With Lower Grain Prices

Video: Global Story Keeps Fertilizer Prices Stubbornly High Even With Lower Grain Prices

There’s a big wave building in the fertilizer sector. Josh Linville from StoneX is back with us to talk about the impact of tariffs, demand and reduction in usage is having on the major products of UAN, phosphate, urea, potash and NH3.