The CBoT soybean futures prices are interrupting their eight-day uptrend this morning because the number of people suffering from the coronavirus has skyrocketed. The fear of a Chinese slump in demand for soybeans is widespread.
Traders in Singapore are finding this morning that the potential for higher prices on agricultural products is low due to the corona virus.
In the Chinese province of Hubei, the number of coronavirus-related lung diseases rose to 1,310 yesterday, according to official figures.
The White House in Washington also confirms that demand for US agricultural commodities will be limited. The Chinese government has not yet informed the US of a reduction in the planned and contractually agreed imports of US agricultural commodities. 
Source
HANSA Terminhandel
