News Details

Grain market fundamentals overshadowed by macro market fears over China's real estate sector crisis

(Sep 20, 2021)

Markets are nervous over the potential failure of China's Evergrande Group, a property developer with over $300 billion in debt, who has defaulted on a debt payment creating fears of contagion in the broader property sector unless the Chinese government steps in. Global financial and commodity markets sold off as traders exit riskier investments to get to the sidelines. Reading into its most recent financial results, Evergrande’s total debt burden is the biggest for any publicly traded real-estate management or development company in the world.

Maurizio “Moe” Agostino
Moe is the Chief Commodity Strategist. He is responsible for developing plans and assisting clients in the feed, grain and livestock industry to help them protect themselves from commodity price swings. Moe holds a Derivatives Market Specialist (DMS) designation as well as an Honors Degree in Business Administration. Moe has more than 15 years of financial services industry experience.