How Oil Prices Impact Agriculture

  • 18 Mar 2020
  • By Erik Norland

Lower oil prices could reduce production costs for farmers. It could, however, weigh on biofuel producers who use corn and vegetable oils as feedstock.

About the Presenter

Erik Norland is Executive Director and Senior Economist of CME Group. He is responsible for generating economic analysis on global financial markets by identifying emerging trends, evaluating economic factors and forecasting their impact on CME Group and the company’s business strategy, and upon those who trade in its various markets. He is also one of CME Group’s spokespeople on global economic, financial and geopolitical conditions.

View more reports from Erik Norland, Executive Director and Senior Economist of CME Group.

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