Farm to home: COVID-19’s impact on agricultural commodities

26 June 2020

The ongoing impacts of COVID-19 on our everyday way of life cannot be understated and will likely continue for some time to come. With millions of people around the world either in lockdown or slowly coming out of it, we’ve been forced to change how we work, socialise and go about our daily lives. Many have found solace in baking banana bread or creating our very first sourdough for avocado toast during quarantine, but what does this mean for those who farm, produce and ship these ingredients, such as wheat, dairy and coffee – staples in homes around the world? 

Our agricultural commodities analysts explore how COVID-19 has impacted those very daily commodities upon which we rely.

Our agricultural commodities analysts

Chris is head of Macquarie's Agricultural Desk Analytics and based in Hong Kong. He has been with Macquarie since 2011 and led the buildout of the analytical coverage of grains/oilseeds, softs, livestock and dairy products. Prior to joining Macquarie, Chris worked as a physical grains trader for the US agribusiness, ADM. Prior to this, he worked on his family's farm in Lincolnshire, UK. Chris holds a Master’s Degree in Mathematical Trading and Finance from CASS Business School and a BSc in Economics.

Chase is a Senior Vice President at Macquarie, based in New York. He joined in 2006 and started his career in a trading role, responsible for market-making and risk management in a variety of agricultural and energy products. He then joined Noble Group in a physical ethanol and corn trading capacity before rejoining Macquarie in 2014. He ran the oilseeds, cotton, and dairy books before transitioning to head the North American strategy team. Chase holds a BSE in Systems Science and Engineering from the University of Pennsylvania.

Manuela joined Macquarie in 2016. Originally based out of London, Manuela has been situated in São Paulo, Brazil, since 2019. Before being responsible for sugar, ethanol and coffee strategy at Macquarie, Manuela performed similar roles within the industry in Brazil. She has also worked for a not-for-profit organisation focused on the sustainable production of sugarcane. Manuela is an economist and holds a Master’s degree in Agroenergy. She completed her PhD in Environmental Policy at Imperial College London in 2019.