# GRAINS-Soy at 5-month low on big Brazil crop, wheat rallies on Black Sea doubts | Kitco News

> Chicago soybeans fell to a five-month low on March 24 as a record Brazilian harvest was expected to flow onto export markets. Wheat rebounded after a report that Russia may consider halting exports, reviving uncertainty over Black Sea supply.

- Date: 2023-03-24 · published 2023-03-24T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/36887-grains-soy-at-5-month-low-on-big-brazil-crop-wheat-rallies-on-black-sea-doubts
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Heavy Brazilian soybean supply pressures meal and soy prices, while Black Sea export doubts support wheat and feed grain costs.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-06-02 | [U.S. grains: Soybeans fall to seven-week low; corn eases, wheat climbs - Grainews](https://feedsoft.ai/events/10946-u-s-grains-soybeans-fall-to-seven-week-low-corn-eases-wheat-climbs-grainews.md) | +1.5% | -1.7% |
| SOY | 2016-07-19 | [Soybeans, corn, wheat give back gains - Brownfield Ag News](https://feedsoft.ai/events/7423-soybeans-corn-wheat-give-back-gains-brownfield-ag-news.md) | -8.8% | -5.1% |
| SOY | 2019-05-31 | [U.S. grains: Trump tariff threat pushes corn, soy, wheat lower - Grainews](https://feedsoft.ai/events/6687-u-s-grains-trump-tariff-threat-pushes-corn-soy-wheat-lower-grainews.md) | -2.3% | -0.1% |
| SOY | 2020-07-21 | [U.S. grains: Soybeans trim back on improved crop conditions - Grainews](https://feedsoft.ai/events/6210-u-s-grains-soybeans-trim-back-on-improved-crop-conditions-grainews.md) | +0.4% | +1.1% |
| SOY | 2024-05-16 | [Soybeans, corn, wheat continue mostly lower trend - Brownfield Ag News](https://feedsoft.ai/events/10512-soybeans-corn-wheat-continue-mostly-lower-trend-brownfield-ag-news.md) | +2.7% | -2.0% |
| SBM | 2025-06-02 | [U.S. grains: Soybeans fall to seven-week low; corn eases, wheat climbs - Grainews](https://feedsoft.ai/events/10946-u-s-grains-soybeans-fall-to-seven-week-low-corn-eases-wheat-climbs-grainews.md) | -0.1% | -8.0% |
| SBM | 2016-07-19 | [Soybeans, corn, wheat give back gains - Brownfield Ag News](https://feedsoft.ai/events/7423-soybeans-corn-wheat-give-back-gains-brownfield-ag-news.md) | -9.1% | -9.0% |
| SBM | 2024-05-16 | [Soybeans, corn, wheat continue mostly lower trend - Brownfield Ag News](https://feedsoft.ai/events/10512-soybeans-corn-wheat-continue-mostly-lower-trend-brownfield-ag-news.md) | +1.5% | -3.6% |

## Sources

- kitco.com: https://www.kitco.com/news/off-the-wire/2023-03-24/grains-soy-5-month-low-big-brazil-crop-wheat-rallies-black-sea-doubts

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