The CBoT soybean futures courses hit a 6-week high this morning. There is growing hope that coordinated global efforts against the corona virus can eliminate negative economic impacts.
The markets are now in a positive mood again. But that could turn out to be naive, because the uncertainty as to how the COVID 19 epidemic affects the economy is as present today as it was yesterday.
Worldwide, share and crude oil prices are rising because politicians are trying to avert a corona-related economic crisis. China, the world's largest importer of soybeans, would soon have to start buying more of the oilseed in the US to support prices and turn it into a rally.
Yesterday the USDA's weekly export figures showed only soybean exports of 670,608 tons. That was in line with expectations. 
Source
HANSA Terminhandel
