# Soybean prices won't recover in 2020 regardless of China trade talks, economist says

> Capital Economics forecasts US soybean prices will fall about 40 cents to $8.50 per bushel in 2020 because lower Chinese consumption will weigh on demand regardless of trade talks. China consumes just under one-third of the global crop and accounts for about two-thirds of world soybean trade. Swine fever in China is cited as a factor reducing demand.

- Date: 2019-12-13 · published 2019-12-13T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/55629-soybean-prices-won-t-recover-in-2020-regardless-of-china-trade-talks-economist
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A weaker outlook for Chinese soybean demand points to lower US soybean prices and cheaper soymeal feed inputs in 2020.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- startribune.com: https://www.startribune.com/soybean-prices-won-t-recover-in-2020-regardless-of-china-trade-talks-economist-says/566129121

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