Tuesday, January 28, 2020 2:03PM CST
The growing outbreak of coronavirus in China comes just barely two weeks after agricultural commodities were experiencing short-term optimism over trade with China after President Donald Trump reached an agreement with Chinese officials that included provisions to sell more agricultural products.
March corn is down 3/4 cent per bushel, March soybeans are up 5 1/2 cents, and March KC wheat is down 3 1/4 cents.
As the week continues, traders appear to be less in a panic mode than what drove limit losses in cattle and hog futures early in the week. Even though there seems to be more thought and perspective in the market early Wednesday morning, the tone of the market still remains extremely weak.