# Record soy crop grows, keeping a lid on prices - Taipei Times

> Brazil's soybean crop is forecast at a record 145 million tonnes after near-ideal weather during planting and growing. Local soybean prices are sliding, farmers are holding back sales, and Brazilian beans are priced below U.S. supplies.

- Date: 2021-12-04 · published 2021-12-04T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/43635-record-soy-crop-grows-keeping-a-lid-on-prices-taipei-times
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A record Brazilian crop and cheaper origin prices weigh on global soybean and meal prices and lower the cost of feed protein for buyers, though drought risks in Rio Grande do Sul and Argentina remain a possible upside.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-06-27 | [Growing conditions pressure crop prices in Ontario, U.S. Midwest](https://feedsoft.ai/events/11705-growing-conditions-pressure-crop-prices-in-ontario-u-s-midwest.md) | +5.0% | +7.3% |
| SOY | 2022-11-21 | [South American crops projected to hit record highs and lows - Brownfield Ag News](https://feedsoft.ai/events/38579-south-american-crops-projected-to-hit-record-highs-and-lows-brownfield-ag-news.md) | +2.0% | +2.3% |
| SOY | 2024-07-10 | [U.S. grains: Soy futures fall to 2020 low on strong US crop prospects](https://feedsoft.ai/events/11196-u-s-grains-soy-futures-fall-to-2020-low-on-strong-us-crop-prospects.md) | -6.1% | -11.5% |
| SOY | 2017-03-22 | [Brazil new soy frontier Matopiba contributing to record crop](https://feedsoft.ai/events/71826-brazil-new-soy-frontier-matopiba-contributing-to-record-crop.md) | -2.9% | -5.1% |
| SOY | 2024-07-31 | [Soy tumbles to 2020 lows as rains seen aiding US crops](https://feedsoft.ai/events/29282-soy-tumbles-to-2020-lows-as-rains-seen-aiding-us-crops.md) | +0.1% | -5.8% |
| SBM | 2024-07-10 | [U.S. grains: Soy futures fall to 2020 low on strong US crop prospects](https://feedsoft.ai/events/11196-u-s-grains-soy-futures-fall-to-2020-low-on-strong-us-crop-prospects.md) | -9.3% | -6.5% |
| SBM | 2017-03-22 | [Brazil new soy frontier Matopiba contributing to record crop](https://feedsoft.ai/events/71826-brazil-new-soy-frontier-matopiba-contributing-to-record-crop.md) | -3.2% | -4.6% |
| SBM | 2024-04-11 | [Southern Brazil reaps record soy to offset center-west crop failure](https://feedsoft.ai/events/13573-southern-brazil-reaps-record-soy-to-offset-center-west-crop-failure.md) | +2.5% | +12.3% |

## Sources

- taipeitimes.com: https://www.taipeitimes.com/News/biz/archives/2021/12/05/2003769020

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