# Big Picture in S. America – Soybeans Maybe OK, Corn Maybe Not 28.10.2022 - UkrAgroConsult

> A Soybean & Corn Advisor analysis says Brazil's 2022/23 soybean crop will almost certainly be larger than last year, with an estimate of 151.0 million tons, up 24 million. South American corn output is less assured, as the forecast La Nina dryness has not yet materialized in Brazil.

- Date: 2022-10-28 · published 2022-10-28T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13690-big-picture-in-s-america-soybeans-maybe-ok-corn-maybe-not-28-10-2022
- 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 supply to export markets and weighs on soybean meal prices, while uncertainty in corn supports price risk for feed buyers.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-01-19 | [Precipitation in South America lowers soybean prices, which increases pressure on sunflower prices 19.01.2022 - UkrAgroConsult](https://feedsoft.ai/events/43262-precipitation-in-south-america-lowers-soybean-prices-which-increases-pressure.md) | +3.4% | +14.0% |
| SOY | 2021-11-18 | [2021/22 Brazil Soybeans 78% Planted vs. 67% Average 18.11.2021 - UkrAgroConsult](https://feedsoft.ai/events/13764-2021-22-brazil-soybeans-78-planted-vs-67-average-18-11-2021-ukragroconsult.md) | -0.8% | +0.0% |
| SOY | 2021-11-24 | [2021/22 Brazil Soybeans 81% Planted vs. 77% Average 24.11.2021 - UkrAgroConsult](https://feedsoft.ai/events/13768-2021-22-brazil-soybeans-81-planted-vs-77-average-24-11-2021-ukragroconsult.md) | -3.5% | +4.4% |
| SOY | 2021-10-22 | [2021/22 Brazilian Soybean Planting Second Fastest on Record 22.10.2021 - UkrAgroConsult](https://feedsoft.ai/events/44380-2021-22-brazilian-soybean-planting-second-fastest-on-record-22-10-2021.md) | +0.8% | +3.4% |
| 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% |
| SBM | 2022-01-19 | [Precipitation in South America lowers soybean prices, which increases pressure on sunflower prices 19.01.2022 - UkrAgroConsult](https://feedsoft.ai/events/43262-precipitation-in-south-america-lowers-soybean-prices-which-increases-pressure.md) | +0.2% | +10.8% |
| SBM | 2021-06-17 | [Soybeans close $1.18 lower, corn ends limit down \| Thursday, June 17, 2021 - UkrAgroConsult](https://feedsoft.ai/events/5765-soybeans-close-1-18-lower-corn-ends-limit-down-thursday-june-17-2021.md) | -5.2% | -2.7% |
| SBM | 2021-12-13 | [Soybeans, corn down after rain in South America - Brownfield Ag News](https://feedsoft.ai/events/9262-soybeans-corn-down-after-rain-in-south-america-brownfield-ag-news.md) | +1.5% | +14.6% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/big-picture-in-s-america-soybeans-maybe-ok-corn-maybe-not/

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