Grains - Grain Products

Wheat: stock market losses due to possible coronavirus pandemic

February 25, 2020 11:49 AM, Der AUDITOR
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FRANKFURT. The wheat markets showed a further decline in prices internationally. The spread of the coronavirus outside of China in South Korea, Iran and Italy resulted in massive losses on the stock markets. Germany and Poland were awarded the Saudi Arabian wheat tender.

The wheat market continued to come under pressure due to fears about the spread of the coronavirus. The front end in Chicago fell by 1.2% to USD 538 per bushel, in Paris by 1.5% to EUR 192.25 per metric tonne and on the Black Sea by 1.7% to USD 218 per metric tonne. The waves of infection outside of China in South Korea, Iran and Italy recently caused concern, to which the stock markets also reacted with heavy price losses; the Dow Jones fell by 3.4%, the DAX by 4.3%, and the losses on the Asian stock exchanges were even higher. Confirmed coronavirus infections have now been ident

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