# Set For Worst Month Since 2018 On Virus Fears, Trade

> Soybean futures are heading for their biggest monthly loss since August 2018, down about 7.8% in January. The decline reflects coronavirus disruption to supply chains in China and disappointment that Chinese buying has not yet followed the Phase 1 trade deal.

- Date: 2020-01-31 · published 2020-01-31T12:00:00.000Z
- Category: market · region China · magnitude medium
- Page: https://feedsoft.ai/events/55109-set-for-worst-month-since-2018-on-virus-fears-trade
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Delayed Chinese purchases and virus-related demand concerns weigh on soybean and soymeal prices, which pressures feed costs for buyers.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- investors.com: https://www.investors.com/news/soybean-virus-trade-futures-china/

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