# Marlin: China trade teases market again - Farm and Dairy

> Commentary says the market has grown weary of China trade headlines and that the November soybean contract has fallen from about 9.45 to 9.18 since the October 25 options expiration. It says the latest news points to a 'Phase One' deal worth about $20 billion in agricultural purchases, short of the $50 billion the president had cited.

- Date: 2019-10-30 · published 2019-10-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/56617-marlin-china-trade-teases-market-again-farm-and-dairy
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A smaller-than-expected deal reduces the expected volume of Chinese purchases of corn, meat, soybeans and soymeal, which weighs on soybean prices.

## Read by commodity

- SOY: bearish ▼
- CORN: neutral

## Sources

- farmanddairy.com: https://www.farmanddairy.com/columns/marlin-china-trade-teases-market-again/583145.html

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