Ag commodities have followed equity markets down in response
to the COVID-19 pandemic.
For corn, University of Illinois ag economist Todd Hubbs says he has no idea where the bottom might be.
“It’s down there. We’re seeing the May contract close at $3.36 1/2 (Wednesday), and there’s still some downside there depending on how we see ethanol play out.”
He tells Brownfield the energy sector is buckling under collapsing oil and gas prices.