# Hubbs: Soybean market will depend on exports to China - Brownfield Ag News

> Todd Hubbs of the University of Illinois says the soybean market will depend heavily on exports to draw down USDA's estimated 620 million bushels of ending stocks. He is optimistic China will buy and says a weather premium has left the market. He also flags coronavirus concerns weighing on meat and restaurant demand.

- Date: 2020-07-14 · published 2020-07-14T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52161-hubbs-soybean-market-will-depend-on-exports-to-china-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Reliance on Chinese export demand means that purchase pace will determine whether tight old-crop stocks support prices. Weakened meat demand from pandemic concerns is a downside risk for soymeal demand.

## Read by commodity

- SBM: neutral
- SOY: neutral

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/hubbs-soybean-market-will-depend-on-exports-to-china/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.