# Corn, soybean prices spike on reports of decreased yields | Feed Strategy

> Corn and soybean prices spiked after reports of Brazilian yield losses from drought and heat. Conab cut Brazil's soybean estimate far more than USDA, and high soy prices may prompt US farmers to shift acreage away from corn.

- Date: 2022-02-11 · published 2022-02-11T12:00:00.000Z
- Category: weather · region Brazil · magnitude high
- Page: https://feedsoft.ai/events/42746-corn-soybean-prices-spike-on-reports-of-decreased-yields-feed-strategy
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A larger Brazilian soybean shortfall tightens global soy supply and lifts soymeal costs for feed buyers, while possible US acreage shifts could later tighten corn.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-06-20 | [Corn, soybean futures up on fears of Corn Belt drought \| Feed Strategy](https://feedsoft.ai/events/9768-corn-soybean-futures-up-on-fears-of-corn-belt-drought-feed-strategy.md) | +3.7% | +1.7% |
| SOY | 2020-09-18 | [Soybean prices hit 2-year high amid ASF recovery \| Feed Strategy](https://feedsoft.ai/events/51114-soybean-prices-hit-2-year-high-amid-asf-recovery-feed-strategy.md) | -2.8% | +3.3% |
| SOY | 2024-11-01 | [Ohio farmers see reduced yields on corn and soybeans from drought](https://feedsoft.ai/events/13138-ohio-farmers-see-reduced-yields-on-corn-and-soybeans-from-drought.md) | +3.4% | +0.7% |
| SOY | 2026-02-01 | [Hot dry spells and extreme rain increased corn and soybean prices in the United States Midwest](https://feedsoft.ai/events/13022-hot-dry-spells-and-extreme-rain-increased-corn-and-soybean-prices-in-the-united.md) | +4.8% | +8.1% |
| SOY | 2019-06-11 | [U.S. Corn and Soybean Yield Prospects - ProAg](https://feedsoft.ai/events/58452-u-s-corn-and-soybean-yield-prospects-proag.md) | +6.3% | +2.8% |
| CORN | 2023-06-20 | [Corn, soybean futures up on fears of Corn Belt drought \| Feed Strategy](https://feedsoft.ai/events/9768-corn-soybean-futures-up-on-fears-of-corn-belt-drought-feed-strategy.md) | -1.6% | -13.3% |
| CORN | 2020-09-18 | [Soybean prices hit 2-year high amid ASF recovery \| Feed Strategy](https://feedsoft.ai/events/51114-soybean-prices-hit-2-year-high-amid-asf-recovery-feed-strategy.md) | -2.0% | +4.4% |
| CORN | 2024-11-01 | [Ohio farmers see reduced yields on corn and soybeans from drought](https://feedsoft.ai/events/13138-ohio-farmers-see-reduced-yields-on-corn-and-soybeans-from-drought.md) | +2.5% | -0.2% |

## Sources

- feedstrategy.com: https://www.feedstrategy.com/latest-news/article/15442734/corn-soybean-prices-spike-on-reports-of-decreased-yields

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