# Brazil FOB soybean basis bid at discount on slow loading, weak demand - Fastmarkets

> Brazilian soybean FOB basis slipped to a discount to Chicago futures for the first time since 2015, as slow port loadings, stagnant harvest progress and heavy farmer selling met absent Chinese demand. Freight from Brazil to China was about $51/mt.

- Date: 2021-02-18 · published 2021-02-18T12:00:00.000Z
- Category: trade · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/48692-brazil-fob-soybean-basis-bid-at-discount-on-slow-loading-weak-demand-fastmarkets
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

A weak Brazilian FOB basis makes Brazilian beans cheaper for export buyers and pressures global soybean values. Slow loadings may also keep Chinese buyers relying on US supply.

## Read by commodity

- SOY: bearish ▼
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-10-10 | [Soybean Discounts Skyrocket as Demand Slows the Flow of Beans Down the Mississippi River](https://feedsoft.ai/events/62424-soybean-discounts-skyrocket-as-demand-slows-the-flow-of-beans-down-the.md) | +2.5% | +1.0% |
| SOY | 2023-03-21 | [China soybean prices plunge amid weaker local demand, higher Brazil farmer sales](https://feedsoft.ai/events/36942-china-soybean-prices-plunge-amid-weaker-local-demand-higher-brazil-farmer-sales.md) | -2.9% | +2.2% |
| SOY | 2022-01-14 | [China 2021 soybean imports slip 3.8% on falling margins, weak demand](https://feedsoft.ai/events/7370-china-2021-soybean-imports-slip-3-8-on-falling-margins-weak-demand.md) | +3.6% | +15.9% |
| SOY | 2026-05-12 | [China forecasts lower 2026/27 soybean imports on slowing soymeal demand from pig sector \| MarketScreener](https://feedsoft.ai/events/19248-china-forecasts-lower-2026-27-soybean-imports-on-slowing-soymeal-demand-from.md) | +1.1% | -7.2% |
| SOY | 2024-01-25 | [U.S. grains: Soybean, soyoil futures slide on weak demand - AgCanada](https://feedsoft.ai/events/6835-u-s-grains-soybean-soyoil-futures-slide-on-weak-demand-agcanada.md) | -1.5% | -7.5% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/brazil-fob-soybean-basis-bid-at-discount-on-slow-loading-weak-demand/

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