# US grain markets squelched by coronavirus so expect choppy trading this week
						 | The Pig Site

> Grain futures are trading choppy at lower levels as coronavirus news raises doubts about China's farm purchases agreed in January. Wheat has sold off from its January highs, soybean meal languishes, and corn trades sideways.

- Date: 2020-02-15 · published 2020-02-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/54642-us-grain-markets-squelched-by-coronavirus-so-expect-choppy-trading-this-week
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Doubt about Chinese demand under the phase one deal weighs on soybeans, meal and wheat, and the next price catalyst is expected at spring planting.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: neutral
- WHEAT: bearish ▼

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2020/02/us-grain-markets-squelched-by-coronavirus-so-expect-choppy-trading-this-week

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