# How Bearish Will Brazil's Next Soybean Crop Be?

> A DTN analysis dated Oct 28, 2022 weighs whether Brazil's next soybean crop will pressure prices, citing USDA's forecast of 5.58 billion bushels. U.S. cash soybeans were near $13.40, the highest for the season since 2012, and the piece advises spreading sales through early 2023.

- Date: 2022-10-28 · published 2022-10-28T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/39164-how-bearish-will-brazil-s-next-soybean-crop-be
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expectations of a large Brazilian crop in 2023 cap deferred U.S. soybean prices and argue for forward selling, while strong current cash prices reflect tight old-crop supply.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2022/10/28/bearish-will-brazils-next-soybean

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