“Pandemic” is the word of the day. The World Health Organization declared the coronavirus COVID19 outbreak an official pandemic today, which brought no comfort to global markets. The disease is keeping markets extremely volatile and the potential for governments to make economically damaging (but hopefully public health boosting) policy decisions is yet another risk. Rumors are circulating the the White House is looking into travel restrictions to certain European countries. The CBOT opened higher this morning with soymeal and soybeans continuing to rally and pushing corn higher as well. A weak open in U.S. equities, however, and subsequent 1,000+ point selloff in the Dow following the WHO’s “pandemic” announc...