It is a matter for argument when to take as C-day - that is, when investors began to factor the Covid-19 coronavirus outbreak into account in pricing.
But Agrimoney is taking it as January 20, when Chinese authorities announced that the disease was captable of human-to-human transmission. Agrimoney noted a rapid increase in mention of coronavirus in emails and notes from investors from late that day onwards.
So the site is taking January 19 as the last day of Covid-free pricing.
The table below lists price performance over the month since then.
Price changes below given on a spot contract basis, except palm oil on a third-in contract basis. Some non-ags are included for comparison purposes.
|Contract||Change over the past month
|1||Raw sugar (New York)||+7.8%|
|2||White sugar (London)||+5.8%|
|3||Cocoa (New York)||+4.6%|
|7||Soft milling wheat (Paris)||+0.9%|
|9||Lean hogs (Chicago)||-0.1%|
|11||Soft red winter wheat (Chicago)||-1.1%|
|13||Feed wheat (London)||-2.0%|
|15||Robusta coffee (London)||-2.2%|
|18||Hard red winter wheat (Kansas City)||-2.8%|
|19||Feeder cattle (Chicago)||-3.1%|
|21||Cotton (New York)||-3.9%|
|23||Hard red spring wheat (Minneapolis)||-4.2%|
|25||Arabica coffee (New York)||-4.8%|
|29||Palm oil (Kuala Lumpur)||-10.2%|
|Month end price for spot contract, except benchmark contract for palm oil. Dollar reported against a trade-weighted index. Spot contract values as reported by Reuters