# Brazil’s soybean crush margins, corn prices down: IMEA

> Soybean crush margins in Mato Grosso, Brazil fell 20% in the week to August 27, pressured by lower futures and a 3.4% appreciation of the real against the dollar. Domestic corn prices also fell 1.0% on the week to BRL78.31 per 60kg bag.

- Date: 2021-08-31 · published 2021-08-31T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/45645-brazil-s-soybean-crush-margins-corn-prices-down-imea
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A stronger real and weaker domestic bean and meal prices reduce Brazilian crush incentives and export offers, while lower Brazilian corn prices add mild pressure to global corn values.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- USDBRL: bearish ▼

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/brazil-s-soybean-crush-margins-corn-prices-down-imea/

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