# Brazil soy farmers hoard crops, betting prices will rise

> Brazilian soybean farmers are holding back their crops rather than selling, expecting prices to rise as global supplies tighten. Brokers and buyers also cite fears that La Niña could limit the next South American crop and that domestic political tensions could weaken the real. The farmers aim to pressure exporters and processors into paying more.

- Date: 2021-09-01 · published 2021-09-01T12:00:00.000Z
- Category: trade · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/45117-brazil-soy-farmers-hoard-crops-betting-prices-will-rise
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Reduced farmer selling tightens the physical soybean supply available to exporters and crushers, which supports international soy and meal prices. A weaker real would also make Brazilian exports cheaper, partly offsetting that support.

## Read by commodity

- SOY: bullish ▲
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-08-16 | [China boosts Brazil soy imports as Argentina hoards crops \| Buenos Aires Times](https://feedsoft.ai/events/57429-china-boosts-brazil-soy-imports-as-argentina-hoards-crops-buenos-aires-times.md) | -0.2% | +3.1% |
| SOY | 2021-06-01 | [Insight: Spies, satellites, subpoenas: soy buyers play hardball with Brazilian farmers](https://feedsoft.ai/events/47124-insight-spies-satellites-subpoenas-soy-buyers-play-hardball-with-brazilian.md) | +1.9% | -11.3% |
| SOY | 2018-06-28 | [Oilseed rape prices rise on nervous market - Farmers Weekly](https://feedsoft.ai/events/11643-oilseed-rape-prices-rise-on-nervous-market-farmers-weekly.md) | -3.7% | -0.7% |
| SOY | 2019-08-07 | [U.S.-China trade war boosts Brazil local soy prices, spurs deals](https://feedsoft.ai/events/11473-u-s-china-trade-war-boosts-brazil-local-soy-prices-spurs-deals.md) | +2.9% | +1.7% |
| SOY | 2019-04-03 | [Farmers delay pricing soy in Argentina trade-currency wager](https://feedsoft.ai/events/59634-farmers-delay-pricing-soy-in-argentina-trade-currency-wager.md) | -0.1% | -6.7% |
| USDBRL | 2020-05-28 | [China securing Brazilian soy with US trade tensions rising](https://feedsoft.ai/events/53167-china-securing-brazilian-soy-with-us-trade-tensions-rising.md) | -4.5% | +0.4% |
| USDBRL | 2019-10-18 | [After trade talks in U.S., China ramps up Brazilian soy purchases](https://feedsoft.ai/events/56428-after-trade-talks-in-u-s-china-ramps-up-brazilian-soy-purchases.md) | -3.6% | +0.9% |
| USDBRL | 2019-12-02 | [Brazil's real falls to 4.25 per dollar after Trump says he will restore tariffs on Brazil steel imports](https://feedsoft.ai/events/55773-brazil-s-real-falls-to-4-25-per-dollar-after-trump-says-he-will-restore-tariffs.md) | -1.2% | -5.0% |

## Sources

- reuters.com: https://www.reuters.com/article/brazil-soy-idUSL1N2Q11DN/

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