Impact of COVID-19 on Agriculture

#AFBF19 DTN Commodity Market Directions

Download Slides from DTN's Commodity Market Directions Workshop

Market Intel / January 15, 2019

Using DTN's proprietary Six Factors Strategies, Grain Market Analyst Todd Hultman has been a thought leader for farmers and agribusinesses on where commodity markets are headed, what signposts to watch for and what to do when those critical points occur. Hultman will discuss his unique view on the markets, how he uses technical and fundamental analysis to shape his view, and will outline where various commodity markets will be headed in 2019 based on trade, export and domestic demand, noncommercial interest in commodities versus other investments, and DTN's unique outlook for 2019 weather and crop production.

Contact:
John Newton, Ph.D.
Chief Economist
(202) 406-3729
jnewton@fb.org
twitter.com/@New10_AgEcon
 

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The line from James Taylor's "Sweet Baby James" came to me when looking through the June employment report. While an increase of 4.76 million jobs in the last month does move us down the road, do not lose sight of the fact we still have 14.6 million fewer private-sector jobs than we did just four months ago. And longer-term employment projections from the Congressional Budget Office, touched upon later in the article, suggest it will take nearly a decade before getting back to the February 2020 peak.

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USDA data reveals that as of the end of June nearly one-third, or $4.85 billion, of the $16 billion in CFAP assistance has been paid to livestock, dairy, crop and specialty crop producers. Of that total, $2.4 billion, more than 50%, has been paid to livestock (cattle, hog and lamb producers), $1.3 billion, or 26%, has been paid to non-specialty crop producers, $1 billion, or 22%, has been paid to dairy producers and $113 million, or 2%, has been paid to specialty crop producers.

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