The prices of the CBoT soybean futures rise by up to 1.6% this morning because palm oil production in Malaysia is being suspended for 14 days due to the rapidly spreading corona epidemic. This could lead to better demand for soybean oil, traders in Singapore believe.
The prices of the palm oil futures even increased by 5%.
The Government of Malaysia stopped all harvesting activities in the plantations for the next two weeks. Schools and shops were also closed there to slow the spread of the virus. The borders with neighboring countries remain closed until at least March 31. Malaysia has the highest corona infection rate in Southeast Asia. 
Source
HANSA Terminhandel
