Ag economist discusses coronavirus, potential for another market rally

Ag economist discusses coronavirus, potential for another market rally

Iowa State University Extension ag economist Chad Hart spoke Monday at a crop fair in Missouri Valley, Iowa.

An ag economist says the spread of the coronavirus could worsen an already weakening global economy.

Iowa
State University crop marketing specialist Chad Hart says he had concerns about
the global economy even before the coronavirus outbreak.

“We
are starting to see cracks, if you will, in the global economy. It’s starting
to slow down and when the global economy slows down, demand for ag products
tends to drop,” Hart says, “and we’re seeing that in the crop markets as we’ve
looked over the past six months.”

But
despite that potentially negative factor, Hart is confident the corn and
soybean markets will see another late spring/early summer rally.

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