Miller Magazine Issue: 122 February 2020

85 MARKET ANALYSIS MILLER / FEBRUARY 2020 Keep calm and sell to China "Ongoing concerns about the growing amount of deaths and new cases related to the coronavirus are having an impact on agriculture and commerce. We will see that main two issues that really affected markets about coronavirus wave: 1) less oil consumption (some sources said 25% less) which decrease prices and take effect on vegoils market; and 2) shares fallings due to production restrictions. Moreover, even some Russian analysts trying to explain slow Russian wheat exports using virus affect. But maybe the virus has a bigger effect in our minds than in trade?" Elena Faige Neroba Business Development Manager