# The Phase One China deal and cash corn basis

> 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.

- Date: 2020-01-29 · published 2020-01-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/55095-the-phase-one-china-deal-and-cash-corn-basis
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Coronavirus-driven selling and disappointment over slow Chinese purchases weigh on soybean and corn prices, though the analyst sees limited demand damage.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/the-phase-one-china-deal-and-cash-corn-basis

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