Soybeans were modestly lower on fund and technical selling but managed to finish closer to the session’s highs than the lows. Commodities and the broader market reacted to the uncertainties regarding the spread of coronavirus in China, including tens of millions of people reportedly being placed under quarantine. The Shanghai Stock Exchange will extend its Lunar New Year closure until February 3rd. Chinese demand for U.S. beans has been disappointing since Phase One of the trade agreement was signed and any further potential trade disruption will be viewed as a negative.
Continue reading Soybeans down on China concerns at Brownfield Ag News.
