# Brazil is pushing the US out of world’s biggest soybean market

> Chinese buyers are purchasing Brazilian soybeans for October delivery, a period when US exports usually peak. Brazil is reporting a record crop and offering lower prices than rival origins. Further fourth-quarter deals are expected.

- Date: 2023-07-25 · published 2023-07-25T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/35070-brazil-is-pushing-the-us-out-of-world-s-biggest-soybean-market
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Chinese demand shifting to Brazil reduces US export sales and supports Brazilian premiums, keeping US soybean prices under pressure relative to South American supply.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-08-01 | [Tariffs, in the way of larger China purchases of US soybeans: market sources](https://feedsoft.ai/events/18362-tariffs-in-the-way-of-larger-china-purchases-of-us-soybeans-market-sources.md) | -1.3% | +8.9% |
| SOY | 2017-11-03 | [Brazil cuts into U.S. soybean market share in China - AgCanada](https://feedsoft.ai/events/68018-brazil-cuts-into-u-s-soybean-market-share-in-china-agcanada.md) | -1.4% | +0.5% |
| SOY | 2018-06-20 | [China trade war could permanently scar U.S. soybean market: Braun](https://feedsoft.ai/events/64568-china-trade-war-could-permanently-scar-u-s-soybean-market-braun.md) | -2.4% | -5.3% |
| SOY | 2026-10-28 | [China wants US soybeans. Its buyers prefer Brazil \| ThinkChina](https://feedsoft.ai/events/14541-china-wants-us-soybeans-its-buyers-prefer-brazil-thinkchina.md) | -1.6% | — |
| SOY | 2019-08-08 | [US-China trade war: Soybean farmers are working new markets](https://feedsoft.ai/events/57614-us-china-trade-war-soybean-farmers-are-working-new-markets.md) | +1.4% | +0.1% |
| SBM | 2022-08-01 | [China is intensifying the import of soybean meal from Brazil, rejecting Ukrainian products](https://feedsoft.ai/events/40150-china-is-intensifying-the-import-of-soybean-meal-from-brazil-rejecting.md) | +0.9% | -2.8% |
| SBM | 2019-08-08 | [US-China trade war: Soybean farmers are working new markets](https://feedsoft.ai/events/57614-us-china-trade-war-soybean-farmers-are-working-new-markets.md) | 0.0% | -1.5% |
| SBM | 2023-04-14 | [China's soybean demand slump baffles market \| The Western Producer](https://feedsoft.ai/events/36428-china-s-soybean-demand-slump-baffles-market-the-western-producer.md) | -1.7% | -7.5% |

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/world/brazil-is-pushing-the-us-out-of-worlds-biggest-soybean-market-11021721.html

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