Subject: Sunday Evening PLEASE READ
AgMarket clients,
We are all aware of the events surrounding Coronavirus. We’ve seen the way the market has been impacted in the last week to ten days of trading. Last week we saw sizable losses in not only the ag commodities but the DOW, crude oil and commodities like gold that have generally been a safe haven in times like these. This correspondence is not to talk about why this is happening or how long this may go.
What we at AgMarket would like to impress upon our clients is specifically this….
For any client holding onto a position that is marginable…all clients must evaluate if they should be in these positions. IF you are in a position that you can’t call a hedge of your risk, our company feels taking risk off the table would be a wise decision. We aren’t and won’t force anyone out of positions but have to be clear in that we can’t predict with any certainty how bad this might get.
We are here for our customers to help you manage risk. Please be in touch with us regularly to keep your account in a place that you feel comfortable with and that your risk tolerance can allow.
Thank you for your business and please take care this week.
The AgMarket team
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