The coronavirus continues to steal the show for the grain markets. Global Commodity Analytics and Consulting president Mike Zuzolo says the markets are oversold on the news. “I think most of February could be categorized as almost completely dealing with negative demand mindset. As we go into March, we’ll have to balance that out on the supply side with what’s happening in the Northern Plains,” says Zuzolo. “We still have roughly 50 percent of the corn to harvest from last year. It doesn’t look too promising for an early start in 2020 for the southern states. As we get into March, the trade will have to balance the supply and demand fundamentals better than they did in February.”
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