# U.S. farmers celebrate soy price surge as Brazil misses out

> Most-active Chicago soybean futures rose 12.3% between August 1 and mid-September as Chinese import demand recovered and U.S. harvest began. Soybean prices in Brazil track Chicago closely and are holding near four-year highs after an autumn rally driven by storms, dry weather and strong exports.

- Date: 2020-11-17 · published 2020-11-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/50176-u-s-farmers-celebrate-soy-price-surge-as-brazil-misses-out
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Sustained high prices reflect tight export supplies from both the U.S. and Brazil, which raises feed input costs for buyers. The price strength depends on continued Chinese buying and South American weather.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/us-usa-brazil-agriculture/u-s-farmers-celebrate-soy-price-surge-as-brazil-misses-out-idUSKBN27X1EY/

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