# W51 2024: Soybean Weekly Update

> Argentina's 2024/25 soybean planting reached 54% of the planned 17.914 million hectares as of December 15, slightly behind last year's pace. Brazil's harvest is progressing well, though moisture deficits in the north and northeast could affect yields. India's soybean imports fell about 15% as farmers held back sales.

- Date: 2024-12-27 · published 2024-12-27T12:00:00.000Z
- Category: report · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/11400-w51-2024-soybean-weekly-update
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Slower Argentine planting and Brazilian yield risk tighten near-term supply, while weak Indian import demand is bearish. The net effect on soybean and meal prices depends on South American weather.

## Read by commodity

- SBM: neutral
- SBO: bearish ▼
- SOY: neutral
- CORN: bearish ▼
- PALMOIL: bearish ▼
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-10-16 | [October 2024 WASDE Update](https://feedsoft.ai/events/27805-october-2024-wasde-update.md) | +0.1% | +1.3% |
| SOY | 2026-04-13 | [April 2026 WASDE Update](https://feedsoft.ai/events/19663-april-2026-wasde-update.md) | -0.7% | +1.6% |
| SOY | 2017-07-07 | [WEEKLY EXPORT REPORT: Soybeans sales have small increase](https://feedsoft.ai/events/69826-weekly-export-report-soybeans-sales-have-small-increase.md) | -0.8% | -3.1% |
| SOY | 2017-08-03 | [USDA exports – Corn, soybean sales have down week](https://feedsoft.ai/events/12264-usda-exports-corn-soybean-sales-have-down-week.md) | -0.4% | -4.5% |
| SOY | 2023-03-30 | [2022's Best and Worst County Soybean Yields](https://feedsoft.ai/events/13292-2022-s-best-and-worst-county-soybean-yields.md) | +2.3% | -3.4% |
| CORN | 2022-09-02 | [Brazilian Corn and Soybean 2022/2023 Crop Preview \| Weekly Crop Update](https://feedsoft.ai/events/13698-brazilian-corn-and-soybean-2022-2023-crop-preview-weekly-crop-update.md) | -0.6% | -1.6% |
| CORN | 2024-08-22 | [Record US soybean crop forecast in 2024 \| World Grain](https://feedsoft.ai/events/28788-record-us-soybean-crop-forecast-in-2024-world-grain.md) | -2.2% | +6.2% |
| CORN | 2024-01-17 | [2023 Corn and Soybean Yields](https://feedsoft.ai/events/13212-2023-corn-and-soybean-yields.md) | +0.2% | -4.9% |

## Sources

- tridge.com: https://www.tridge.com/weekly-product-updates/w51-2024-maize-weekly-update
- tridge.com: https://www.tridge.com/weekly-product-updates/w51-2024-soybean-oil-weekly-update
- tridge.com: https://www.tridge.com/weekly-product-updates/w51-2024-soybean-weekly-update

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