Wednesday April 15, 2020

• Bleak overall outlook remains, continuing to push markets lower this morning
  • Hope for another week of strong exports (released tomorrow) or some weather concern to get some strength back into the markets
• China reported March soybean imports at 4.28 MMT – this is the lowest single month since February 2015 
  • largely due to slower demand and delays in Brazilian shipments
  • Overall still Jan-March 2020 soybean imports are at 17.8 MMT up 6% from the same period last year 
  • Expectations for shipments to pick up again in April with beans on their way from Brazil
• On Sunday one of the largest pork slaughter houses in the U.S. shut down due to coronavirus spreading through the workers  – more processing plants for both port and beef are following suit 
  • no dates for re opening the plants have been given yet