# Soybean Weekly Report

> StoneX's weekly Brazil soybean report says soybeans rose on weather concerns, with July closing at 1215 cents per bushel, up 3.2% for the week. Flooding in Rio Grande do Sul made crop and quality losses impossible to assess, while the USDA put Brazil's crop at 155 million tonnes. The report lists both bearish factors such as high world production and bullish factors such as CONAB's lower estimate and a high fund net short.

- Date: 2024-05-06 · published 2024-05-06T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/11630-soybean-weekly-report
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Brazilian flood losses and a large fund short position support prices, but ample global supply and a 155 Mt Brazil crop cap the rally. Argentine meal and oil export capacity matters for soymeal.

## Read by commodity

- SBM: neutral
- SBO: neutral
- SOY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2024-05-06 | 5 | +9.0% | 3.3 | Weekly report ties soybean gains to Rio Grande do Sul flooding with unassessable crop and quality losses, supporting meal. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-08-28 | [Soybean Weekly Report](https://feedsoft.ai/events/34664-soybean-weekly-report.md) | -1.8% | -6.0% |
| SOY | 2023-07-24 | [Soybean Weekly Report](https://feedsoft.ai/events/35071-soybean-weekly-report.md) | -0.9% | -9.2% |
| SOY | 2024-09-30 | [Soybean Weekly Report](https://feedsoft.ai/events/28336-soybean-weekly-report.md) | -2.6% | -7.3% |
| SOY | 2024-10-15 | [MN CropCast: Soybean harvest report from the field with Curt Burns](https://feedsoft.ai/events/13148-mn-cropcast-soybean-harvest-report-from-the-field-with-curt-burns.md) | -1.5% | +1.6% |
| SOY | 2018-02-08 | [U.S. grains: Soybeans hit one-week top - Grainews](https://feedsoft.ai/events/10007-u-s-grains-soybeans-hit-one-week-top-grainews.md) | +3.5% | +7.2% |
| SBM | 2025-07-18 | [U.S. grains: Soybean futures set two-week high on US weather worry, soyoil rally \| The Western Producer](https://feedsoft.ai/events/23828-u-s-grains-soybean-futures-set-two-week-high-on-us-weather-worry-soyoil-rally.md) | +1.1% | +5.0% |
| SBM | 2024-01-18 | [Have Brazilian soybean estimates slipped too far from reality?](https://feedsoft.ai/events/13595-have-brazilian-soybean-estimates-slipped-too-far-from-reality.md) | +1.1% | -3.7% |
| SBM | 2022-12-26 | [Brazil Soybeans Benefit from Rain North, Hurt by Dryness Far South](https://feedsoft.ai/events/13679-brazil-soybeans-benefit-from-rain-north-hurt-by-dryness-far-south.md) | +5.7% | +2.5% |

## Sources

- stonex.com: https://www.stonex.com/en-us/insights/soybean-weekly-report-1495390/

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