# Weak Real and US Sino Conflict supports soybean prices

> The Brazilian real lost about 5% against the US dollar in the month, making Brazilian soybeans cheaper in local terms and raising local premiums over CBOT futures. Talks to resolve the US-China trade dispute had again failed, which is boosting Chinese demand for Brazilian soybeans.

- Date: 2019-08-08 · published 2019-08-08T12:00:00.000Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/11474-weak-real-and-us-sino-conflict-supports-soybean-prices
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A weaker real and stronger Chinese import demand for Brazilian beans support local soybean prices and encourage farmers to sell old crop and pre-sell the new crop.

## Read by commodity

- SOY: bullish ▲
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-03-18 | [Soybeans: US government supports economy with USD 1 trillion  - Mundus Agri](https://feedsoft.ai/events/54189-soybeans-us-government-supports-economy-with-usd-1-trillion-mundus-agri.md) | +7.6% | +2.2% |
| SOY | 2020-11-05 | [What’s fueling China’s thirst for U.S. corn and soybeans?](https://feedsoft.ai/events/50020-what-s-fueling-china-s-thirst-for-u-s-corn-and-soybeans.md) | +6.0% | +8.3% |
| SOY | 2017-10-13 | [Soybean prices stronger than anticipated by FAPRI - Brownfield Ag News](https://feedsoft.ai/events/68493-soybean-prices-stronger-than-anticipated-by-fapri-brownfield-ag-news.md) | -0.6% | -1.7% |
| SOY | 2026-06-01 | [Corn, Wheat Continue to Fall with Crude Oil: Soybeans and Cattle Rally](https://feedsoft.ai/events/19274-corn-wheat-continue-to-fall-with-crude-oil-soybeans-and-cattle-rally.md) | -5.5% | -6.6% |
| SOY | 2021-05-07 | [Fed's super-easy policy likely to stick after weak jobs report](https://feedsoft.ai/events/47007-fed-s-super-easy-policy-likely-to-stick-after-weak-jobs-report.md) | +0.4% | -1.4% |
| USDBRL | 2017-05-18 | [Brazil's Scandal Hits Soybean Prices](https://feedsoft.ai/events/7584-brazil-s-scandal-hits-soybean-prices.md) | +5.6% | +5.6% |
| USDBRL | 2024-06-27 | [Market confidence wanes, weakening Brazilian real](https://feedsoft.ai/events/29988-market-confidence-wanes-weakening-brazilian-real.md) | +1.2% | +2.1% |
| USDBRL | 2020-10-31 | [Brazil's central bank intervenes twice in the week in support of the weakening Real — MercoPress](https://feedsoft.ai/events/50836-brazil-s-central-bank-intervenes-twice-in-the-week-in-support-of-the-weakening.md) | -5.2% | -9.0% |

## Sources

- zmp.de: https://www.zmp.de/en/futures/news/newsticker-weak-real-and-us-sino-conflict-supports-soybean-prices-brazil-2019-08-08

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