Corn, soybean prices fall, equity markets collapse | TheFencePost.com

Corn, soybean prices fall, equity markets collapse

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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