-May 8,2019-
Major US farm commodity prices fell 2 to 3 percent today as President Trump stoked farmers fears of a full size trade war with China. Corn fell to $3.50 a bushel, almost $1 lower than a year earlier.The Bloomberg Grains Subindex Total Return tumbled to the lowest since 1977, a 42-year low .The cotton price fell to 70 cents compared to 95 cents last June. Grains and fiber were not alone this week as orange juice futures too hit a 10-year low.
