# The ripple effect of COVID-19 for soybean farmers, demand, and transportation

> Soybean and meal futures in Dalian and Chicago fell over the past week, with crush margins in China also retreating. OCBC said US bean exports remain weak because a weak Brazilian real keeps Brazilian beans the cheaper import option.

- Date: 2020-04-30 · published 2020-04-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/53673-the-ripple-effect-of-covid-19-for-soybean-farmers-demand-and-transportation
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Weak US export competitiveness and falling energy-linked prices keep soybean and meal prices subdued until Brazilian stocks tighten in summer.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- USDBRL: bullish ▲

## Sources

- agriculture.com: https://www.agriculture.com/news/the-ripple-effect-of-covid-19-for-soybean-farmers-demand-and-transportation

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