GRAINS-Corn, soybeans and wheat fall as global markets slump [Reuters (UK)]
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Source: Reuters
GRAINS-Corn, soybeans and wheat fall as global markets slump - Reuters 3 Min Read * Coronavirus fears depress global markets * Steep fall in crude oil prices weighs (Recasts with European trade, adds quotes, changes dateline) By Michael Hogan HAMBURG, March 9 (Reuters) - Chicago wheat, soybean and corn futures fell by about 1.5% on Monday as concern over the economic fallout from the coronavirus and a crash in crude oil prices pushed equities and other commodities sharply lower. The Chicago Board of Trade’s most active soybean contract was down 1.7% at $8.75-1/2 a bushel by 1117 GMT. Wheat fell 1.7% to $5.06-1/2 a bushel and corn dropped 1.4% to $3.70-3/4 a bushel. Europe’s Euronext benchmark May wheat futures in Paris fell 2.2%. Earlier on Monday wheat dropped to its lowest since mid-November at $5.05-3/4 a bushel and soybeans hit their lowest since Feb. 3 at $8.70-1/4 a bushel. Global share markets tumbled as investors fled to bonds to hedge the economic shock of the coronavirus whi
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