ao link

Markets Extra

Linked In

How the coronavirus pandemic has affected agricultural prices, a month on


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%
4 Gold +3.5%
5 USD +2.1%
6 S&P 500 +1.7%
7 Soft milling wheat (Paris) +0.9%
8 Ethanol +0.7%
9 Lean hogs (Chicago) -0.1%


Cocoa (London) -0.7%
11 Soft red winter wheat (Chicago) -1.1%
12 Rapeseed -1.5%
13 Feed wheat (London) -2.0%
14 Corn (Chicago) -2.1%
15 Robusta coffee (London) -2.2%
16 Bcom ag -2.4%
17 Soymeal (Chicago) -2.5%
18 Hard red winter wheat (Kansas City) -2.8%
19 Feeder cattle (Chicago) -3.1%
20 Soybeans (Chicago) -3.5%
21 Cotton (New York) -3.9%
22 Bcom -4.1%
23 Hard red spring wheat (Minneapolis) -4.2%
24 Canola -4.5%
25 Arabica coffee (New York) -4.8%
26 NZX WMP -6.2%
27 Brent crude -8.8%
28 Soyoil (Chicago) -9.3%
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




Related Stories

Producer, merchant positions in ags for week to April 13

Markets Extra lists the latest official data on commercial positions in ag commodity derivatives

Hedge fund positions in numbers for week to April 13

Markets Extra lists the latest official data on hedge fund positions in ag commodity derivatives, and how they have changed week on week

Evening markets: Grains suffer touch of late-week profit taking

The likes of corn and wheat trade lower in closing deals of a positive week. But the vegetable oil complex, and canola, stay strong

Failed hold-outs may foster dairy price gains at next week's GDT auction

Futures prices suggest modest gains in the offing at Tuesday’s GlobalDairyTrade auction - for whole milk powder, at least
Home | About | RSS | Commodities | Companies | Markets | Legal disclaimer | Privacy policy | Contact

Our Brands: Comtell | Feedinfo | FGInsight

© 2021 and Agrimoney are trademarks of Agrimoney Ltd
Agrimoney is part of AgriBriefing Ltd
Agrimoney Ltd is registered in England & Wales. Registered number: 09239069