The spread of novel coronavirus 2019-nCoV has reached nearly 10,000 cases and been declared a health emergency by the WTO. With 98.8% of cases in mainland China the issue for supply chains so far is predominantly one of Chinese demand and local factory operations. Regional governments have extended factory closures beyond Feb. 2 in order to control the viruses spread via the working population. In terms of demand, the risk to the U.S.-China phase 1 trade deal should be small. It’s based on market terms while U.S. agricultural exports to China, which need to reach $33.4 billion i...