# Brazil's braking of soy expansion unlikely to prevent global stock swell | Reuters

> Brazil's soybean planting expansion over recent years has made the country nearly 60% of global soybean exports, up from about 40% a decade ago. A price slump has made soybeans less attractive to Brazilian producers, but a record crop and further global supply build-up appear likely.

- Date: 2024-08-29 · published 2024-08-29T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/28785-brazil-s-braking-of-soy-expansion-unlikely-to-prevent-global-stock-swell-reuters
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Record Brazilian supply keeps global soybean stocks heavy, which caps prices and keeps soybean meal competitively priced for feed buyers.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/brazils-braking-soy-expansion-unlikely-prevent-global-stock-swell-2024-08-29/

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