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An IFPRI article in Science says COVID-19 has slowed the global economy and disrupted food systems across availability, access, utilization and stability. The IMF projects a 5% global economic contraction in 2020, which IFPRI models suggest could push 150 million people into extreme poverty.
Lower incomes reduce demand for food and feed in poorer markets while labour shortages disrupt supply chains. The overall effect on feed commodity prices is mixed and mostly indirect.
phys.orgInternational Food Policy Research InstituteJul 30, 2020After 43 past macro events, Rough Rice moved a median +0.5% over 5 sessions (56% higher; middle half -2.0% to +2.3%), and +1.6% over 20.
After 152 past macro events, Wheat (SRW) moved a median -0.1% over 5 sessions (47% higher; middle half -2.2% to +1.1%), and -0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
