By Chris Clayton
DTN Ag Policy Editor
OMAHA (DTN) — The metaphoric ?black swan? known as the coronavirus has swooped in and quickly put a hold on daily American life and routines and continued pummeling both commodity and stock markets on Thursday.
Soybeans hit a new nine-month low in the May contract with a 13 1/4 cent drop to land at $8.59. November soybeans were down 13 3/4 cents as well. May corn closed down 8 3/4 cents on Thursday, also hitting its contract low at $3.65. December corn was down 5 1/4 cents as well.
?Meal and oats were the only things with tiny gains on the day, but everything else was just a bloodbath of red across the entire commodity board Thursday,? said DTN Lead Analyst Todd Hultman. He added that the downturn does not appear as severe long term as the 2008 market crash, but the downward market moves have been swift.
