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Corn: disaster mode in Western Europe

March 16, 2020 at 4:19 PM , Der AUDITOR
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PARIS. The corn markets continued to collapse in the USA and also in Western Europe. More and more countries are declaring national emergencies and disasters, and fears of a global recession are growing. In the food sector, retailers, shipping companies and industry are trying to maintain supply chains, which is likely to put logistics to a tough test. Avian influenza subtype H5 has been detected in laying hens in Saxony.

Corn markets are falling due to the emerging panic caused by the rapidly progressing Covid-19 pandemic in North America and Western Europe. Unfortunately, nothing has improved after the weekend, which is reflected in the stock and commodity markets worldwide. Today the Dow Jones fell by 9.19% to 21,055 points, while the DAX fell by 9.86% to 8,318 points. The volatility on the stock markets remains high, with possible sharp price rises, depending on the news situation, but at present it is more likely to fall. This also put pressure on the market. In Chicago, US corn was trading at USD 360.5

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