# soy price development market report | Agriculture

> ZMP reports that German soybean meal prices rose sharply from 2020 to 2022 and then eased at the end of 2022. It expects a record Brazilian soybean crop of 153 million tonnes and Argentine output only slightly above last year's weak result.

- Date: 2023-01-30 · published 2023-01-30T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/37811-soy-price-development-market-report-agriculture
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A record Brazilian crop and larger exports would add supply to the global market and could ease meal prices, although weak Argentine output limits that effect.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-03-11 | [USDA report perplexes - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/65959-usda-report-perplexes-agweek-1-source-for-agriculture-news-farming-markets.md) | +2.0% | +1.7% |
| SOY | 2021-08-20 | [Market turns quiet after report - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12608-market-turns-quiet-after-report-agweek-1-source-for-agriculture-news-farming.md) | +3.4% | -2.9% |
| SOY | 2017-03-12 | [WASDE report puts major ag products on defensive - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/11203-wasde-report-puts-major-ag-products-on-defensive-agweek-1-source-for.md) | +0.4% | -5.4% |
| SOY | 2023-05-18 | [Report raises soy yields, deflates prices](https://feedsoft.ai/events/35979-report-raises-soy-yields-deflates-prices.md) | -0.9% | +6.8% |
| SOY | 2024-07-15 | [Farm Futures afternoon market report](https://feedsoft.ai/events/9367-farm-futures-afternoon-market-report.md) | -3.3% | -9.4% |
| SBM | 2023-05-18 | [Report raises soy yields, deflates prices](https://feedsoft.ai/events/35979-report-raises-soy-yields-deflates-prices.md) | -4.8% | -7.9% |
| SBM | 2024-07-15 | [Farm Futures afternoon market report](https://feedsoft.ai/events/9367-farm-futures-afternoon-market-report.md) | -7.5% | -9.6% |
| SBM | 2021-10-12 | [WASDE Report Prints Bearish Soybean Data, Sends Market Reeling](https://feedsoft.ai/events/44486-wasde-report-prints-bearish-soybean-data-sends-market-reeling.md) | +0.3% | +3.1% |

## Sources

- zmp.de: https://www.zmp.de/en/futures/oilseeds/news/market-report-soy-price-development-2023-01-30

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