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Analyst Duane Lowry says soybean prices have declined since the Phase One China deal signing, with weakness accentuated by coronavirus panic that also pressured corn. He argues the market reaction is overdone and that the sell-off may offer a buying opportunity.
Coronavirus-driven selling and disappointment over slow Chinese purchases weigh on soybean and corn prices, though the analyst sees limited demand damage.
farmprogress.comDuane LowryJan 29, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
