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Commodity traders fear recession

An ag economist says commodity traders seem to fear global recession as crop prices have dropped sharply in the last few days.

The University of Missouri’s Ben Brown…

“Less driving so less ethanol use; less meat demand so less feed demand,” Brown said. “I think all those things are coming into the picture.”

He tells Brownfield USDA’s acreage and stocks reports last week should be adding price support.

“Nothing crazy, right,” he said.

Commodity traders fear recession