Tuesday, January 28, 2020 2:03PM CST
The growing outbreak of coronavirus in China comes just barely two weeks after agricultural commodities were experiencing short-term optimism over trade with China after President Donald Trump reached an agreement with Chinese officials that included provisions to sell more agricultural products.
March corn is down 1 1/4 cents per bushel, March soybeans are down 7 3/4 cents, and March KC wheat is down 4 1/4 cents.
Limit losses Monday in cattle and hog futures have opened the door for expanded trade limits in all livestock contracts. Continued concerns of coronavirus in China has caused overall meat demand growth to be questioned.