# New soybean crop planting crop advances and already exceeds 80% in Brazil

> SAFRAS & Mercado reports Brazilian growers had planted 85.6% of expected soybean area by November 22, ahead of the prior week and the five-year average of 79.3%. Rio Grande do Sul and Mato Grosso showed varied progress, with some excess moisture in the Midwest.

- Date: 2024-11-28 · published 2024-11-28T12:00:00.000Z
- Category: weather · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/13535-new-soybean-crop-planting-crop-advances-and-already-exceeds-80-in-brazil
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Fast planting progress reduces weather-related risk premium and supports expectations of a large Brazilian crop, which is bearish for soybean prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-01-24 | [Brazil's Soybean Crop Seen as Amazing](https://feedsoft.ai/events/72859-brazil-s-soybean-crop-seen-as-amazing.md) | -3.3% | -3.0% |
| SOY | 2018-11-15 | [Brazil's Soybean Planting Progress Hits 71%](https://feedsoft.ai/events/61886-brazil-s-soybean-planting-progress-hits-71.md) | +1.4% | +3.4% |
| SOY | 2024-01-05 | [New-Crop Soybean Meal Prices Anticipating Larger Argentine Harvest in 2024](https://feedsoft.ai/events/32215-new-crop-soybean-meal-prices-anticipating-larger-argentine-harvest-in-2024.md) | -2.4% | -5.8% |
| SOY | 2021-10-26 | [Planting pace of new Brazilian soybean crop remains strong 26.10.2021 - UkrAgroConsult](https://feedsoft.ai/events/44381-planting-pace-of-new-brazilian-soybean-crop-remains-strong-26-10-2021.md) | -0.0% | +3.0% |
| SOY | 2022-09-28 | [Brazil readies for historic soybean crop](https://feedsoft.ai/events/13699-brazil-readies-for-historic-soybean-crop.md) | -1.7% | -1.8% |
| SBM | 2017-01-24 | [Brazil's Soybean Crop Seen as Amazing](https://feedsoft.ai/events/72859-brazil-s-soybean-crop-seen-as-amazing.md) | -2.6% | -1.8% |
| SBM | 2018-11-15 | [Brazil's Soybean Planting Progress Hits 71%](https://feedsoft.ai/events/61886-brazil-s-soybean-planting-progress-hits-71.md) | +0.3% | +1.2% |
| SBM | 2024-01-05 | [New-Crop Soybean Meal Prices Anticipating Larger Argentine Harvest in 2024](https://feedsoft.ai/events/32215-new-crop-soybean-meal-prices-anticipating-larger-argentine-harvest-in-2024.md) | -4.6% | -4.6% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/new-soybean-crop-planting-crop-advances-and-already-exceeds-80-in-brazil/

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