Grain and soy futures markets have generally been quiet and dull during the past few weeks as most attention has understandably been focused on the impact of the coronavirus pandemic and the apparently deteriorating relations between the U.S. and China. Although the latter could have important implications for China’s purchases of grain and soybeans under the Phase One trade agreement, markets have remained generally unmoved. A fairly regular stream of soybean export sales to Chinese processors including 264,000 MT of old and new crop sales reported by USDA/FAS Wednesday have had very little impact on soybean futures prices. CME November soybeans closed at $8.55 Wednesday, exactly the same price as they closed on 1 May. One exception...