Volatile Soybean Courses in the Corona Crisis

This morning the prices of the CBoT soybean futures can improve slightly and thus partially offset losses from the previous days. However, demand for soybean meal has fallen in the U.S. after several slaughterhouses had to close temporarily last week due to the corona pandemic (sick workers).
In the crisis, the USDA initially wants to spend USD 15.5 billion to support national food supplies. The soybean oil mills in the United States processed their largest amount of raw materials last month. China imported 13% less oilseed in March than in March 2019, the smallest amount in March in five years. Rainfalls in Brazil hindered harvesting and exporting activities and thus also reduced the outflow of raw materials.