CANE - Agricultural Commodities May Be Misreading The Coronavirus
Agricultural prices have been highly volatile over the past few months due to many rumors surrounding the U.S-China mini-trade deal. As touted by Trump, the market expected significant purchasing of U.S. farm goods from China over the coming months. The deal was originally said to be worth $50B per year but has since dwindled to purchases dependent on "market conditions". Quite frankly, given the instability of this deal, investors would probably best to expect no extra purchasing of U.S. agricultural products unless there is a large supply-demand imbalance or if the U.S. dollar