# South American corn and soybean outlook: Playing the odds

> A Farm Futures analyst's outlook expects Brazil's 2022/23 soybean crop to reach a record of 5.58 billion bushels, up 9% from the prior high, based on the December WASDE. The outlook also says that Brazil, the US, Argentina and China will shape corn and soybean markets in early 2023. It notes that 2022 volatility is likely to carry into 2023.

- Date: 2022-12-20 · published 2022-12-20T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13683-south-american-corn-and-soybean-outlook-playing-the-odds
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A record Brazilian soybean crop adds large export supply, which pressures soybean and soybean meal prices. Market expectations of this supply are already reflected in current pricing.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-01-01 | [Corn and Soybean Production Outlook in 2017-18](https://feedsoft.ai/events/72931-corn-and-soybean-production-outlook-in-2017-18.md) | 0.0% | +2.8% |
| SOY | 2026-10-26 | [Improved US, South American Crop Outlook Weighs on Soybean Prices \| CZ app](https://feedsoft.ai/events/17150-improved-us-south-american-crop-outlook-weighs-on-soybean-prices-cz-app.md) | -1.5% | — |
| SOY | 2025-03-19 | [Record Soybean Harvest in South America and Favorable Outlook for Exports](https://feedsoft.ai/events/13874-record-soybean-harvest-in-south-america-and-favorable-outlook-for-exports.md) | -1.1% | +2.3% |
| SOY | 2025-01-22 | [2025 Corn, Soybean, and Wheat Outlook \| CAES Field Report](https://feedsoft.ai/events/26478-2025-corn-soybean-and-wheat-outlook-caes-field-report.md) | -2.1% | -3.3% |
| SOY | 2019-12-12 | [South American Soybean Production Impact](https://feedsoft.ai/events/55631-south-american-soybean-production-impact.md) | +3.9% | +4.6% |
| SBM | 2026-10-26 | [Improved US, South American Crop Outlook Weighs on Soybean Prices \| CZ app](https://feedsoft.ai/events/17150-improved-us-south-american-crop-outlook-weighs-on-soybean-prices-cz-app.md) | -3.6% | — |
| SBM | 2025-03-19 | [Record Soybean Harvest in South America and Favorable Outlook for Exports](https://feedsoft.ai/events/13874-record-soybean-harvest-in-south-america-and-favorable-outlook-for-exports.md) | -1.2% | -0.6% |
| SBM | 2020-04-21 | [Soybean Crush Outlook - ProAg](https://feedsoft.ai/events/53722-soybean-crush-outlook-proag.md) | -0.1% | -0.2% |

## Sources

- farmprogress.com: https://www.farmprogress.com/commentary/south-american-corn-and-soybean-outlook-playing-the-odds

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