DENVER, CO – The coronavirus pandemic has now impacted all four quarters of 2020, and seemingly every aspect of life and business. That’s according to the latest quarterly update prepared by CoBank’s Knowledge Exchange Division. Though the U.S. economy has been improving since late spring, progress has slowed measurably, with broad fiscal relief now off the table at least in the near-term, the economy will likely end the year in a fizzle. A weaker, steady dollar has supported a price recovery in most agricultural commodities and despite the fact that China is unlikely to fulfill its 2020 phase one purchase obligations, sales due to the Phase One Trade Agreement have been incredibly strong in recent months.
(SOURCE: All Ag News)