Chicago soybean and corn futures slid on Monday as rising tensions between Washington and Beijing raised concern about further demand risk, on top of coronavirus disruptions to biofuel and livestock feed markets, reports Reuters.
“We really need to see an improved export program in soybeans, and without China it’s going to be pretty difficult to do,” Joe Vaclavik, president of Standard Grain, told Reuters. “We’ve seen China buy some beans the last couple weeks. If this thing sours, it’s not a good situation.”
