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Floods threaten cotton, soybean production in Australia

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CANBERA (Commodity Online): Floods in Australia due to heavy rains badly affected the lives of people and also threatens the farming regions.


More than 2,500 people were evacuated from the Queensland town of St. George and also thousands of Australians were forced from their homes.


Last time, the coal areas where affected the most, which shot up the prices and now the floods are likely to affect the region's agriculture, particularly on cotton, sugarcane, soybean and corn.

MCX SOYABEAN 01 January 2020 contract was trading at Rs 0 . What's your view on it?
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