Corn, soybean prices fall, equity markets collapse

-The Hagstrom Report

Corn and soybean prices fell today amid macroeconomic panic set off by collapsing OPEC negotiations and ongoing concerns over the spreading of COVID-19 coronavirus, The Andersons, a reporting service, said.

Meanwhile, equity markets had their worst day since 2008, setting off circuit breakers that stopped trading, Axios reported.

“Today’s sell-off — the worst single day since December 2008 and on the 11th anniversary of the Great Recession’s stock bottom — reflects serious fears that the oil price drop and the coronavirus could throw the economy into a recession,” Axios said.

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