Bangkok’s pesticide ban could hit U.S. and Brazilian exports of wheat and soy that are worth more than $1 billion a year, according to United Nations data, potentially setting up a diplomatic showdown with Thailand.
The coronavirus is having a ripple effect on commodities since the outbreak hit U.S. shores.
Grocery stores shelves are in a constant flux. Many bare or picked over as consumers return to eating at home.
The rollercoaster ride continues for stocks and commodities. It’s partly due to fears of the coronavirus and its impact to the global economy. There are other factors involved when it comes to the wheat market.