The last month markets have been in turmoil as the Corona Virus or Covid 19 has burst onto the scene. The rapid spread and governments inability to control the virus has unsettled financial markets. Initially we saw the “hot money “ flee stocks and shares, this was closely followed by a risk off view towards oil and other commodities as fears about Chinese consumption hit expectations of grain purchases from the US. But once the dust has settled have the fundamentals really changed greatly?
The weather has kept plantings low. In fact the poor weather over the last half of February means that even spring drilling windows look like they will be pressurised. With so many conflicting stories politicians look to be caught in the storm as much as the crops that are still waiting to be planted. It is no wonder the new phrase of infodemic has hit the papers this week as we all try to see our way out of winter.
For Scotgrain, it is business as usual. Preparing ourselves and those that partner alongside us for the best available crop growth and harvest. Contact us to find out how we can help you – or find your local farm trader here.
