# Insight: Spies, satellites, subpoenas: soy buyers play hardball with Brazilian farmers

> Global grain merchants are using satellite monitoring, local agents and legal teams to ensure Brazilian farmers deliver contracted soybeans rather than selling to other buyers. The report says prices have roughly doubled since many of these deals were struck.

- Date: 2021-06-01 · published 2021-06-01T12:00:00.000Z
- Category: trade · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/47124-insight-spies-satellites-subpoenas-soy-buyers-play-hardball-with-brazilian
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Aggressive enforcement of contracts tightens available Brazilian soybean supply for export markets, supporting prices and reducing spot availability for feed processors.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-09-01 | [Brazil soy farmers hoard crops, betting prices will rise](https://feedsoft.ai/events/45117-brazil-soy-farmers-hoard-crops-betting-prices-will-rise.md) | -2.2% | -1.2% |
| SOY | 2019-08-08 | [Chinese soybean buyers shy away from Brazilian cargoes as prices jump: traders](https://feedsoft.ai/events/57610-chinese-soybean-buyers-shy-away-from-brazilian-cargoes-as-prices-jump-traders.md) | +1.4% | +0.1% |
| SOY | 2021-10-11 | [Brazilian farmers also see fertilizer costs double](https://feedsoft.ai/events/44891-brazilian-farmers-also-see-fertilizer-costs-double.md) | -2.0% | -4.1% |
| SOY | 2022-01-20 | [China's 2021 soy imports from U.S. rise while Brazilian shipments fall \| Reuters](https://feedsoft.ai/events/14961-china-s-2021-soy-imports-from-u-s-rise-while-brazilian-shipments-fall-reuters.md) | +3.5% | +14.1% |
| SOY | 2018-10-08 | [Chinese demand for Brazilian soy leaves biodiesel producers without feedstock  : The Daily Digest](https://feedsoft.ai/events/62413-chinese-demand-for-brazilian-soy-leaves-biodiesel-producers-without-feedstock.md) | -0.2% | +0.7% |
| SBM | 2019-08-08 | [Chinese soybean buyers shy away from Brazilian cargoes as prices jump: traders](https://feedsoft.ai/events/57610-chinese-soybean-buyers-shy-away-from-brazilian-cargoes-as-prices-jump-traders.md) | 0.0% | -1.5% |
| SBM | 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) | -0.5% | -4.7% |
| SBM | 2019-03-05 | [Brazilian 2018/19 soy exports seen falling as much as 18% in part due to increased biodiesel demand  : The Daily Digest](https://feedsoft.ai/events/60182-brazilian-2018-19-soy-exports-seen-falling-as-much-as-18-in-part-due-to.md) | -3.1% | +1.0% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/spies-satellites-subpoenas-soy-buyers-play-hardball-with-brazilian-farmers-2021-05-03/

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