# Soybeans benefit from bullish South American news - Brownfield Ag News

> Argentine farmers are unhappy with a government increase in soy export taxes, which is expected to make them hold beans. The Brazilian real weakened to around 5 per dollar, which may lead Brazilian farmers to hold supplies as a hedge. Soybean futures were higher on the week.

- Date: 2020-03-20 · published 2020-03-20T12:00:00.000Z
- Category: trade · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/54188-soybeans-benefit-from-bullish-south-american-news-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Farmer holding in Argentina and Brazil tightens South American export availability, supporting US soybean prices and export demand.

## Read by commodity

- SOY: bullish ▲
- USDBRL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2020-03-23 | 5 | +7.4% | 3.5 | Argentine farmers are expected to hold beans over export taxes and Brazilian farmers over the weak real, restricting South American farmer selling and supporting futures. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-08-28 | [Wheat, soybeans, corn see more gains to end bullish week - Brownfield Ag News](https://feedsoft.ai/events/17939-wheat-soybeans-corn-see-more-gains-to-end-bullish-week-brownfield-ag-news.md) | +4.0% | +5.0% |
| SOY | 2021-11-12 | [Soybean meal leads beans, corn higher - Brownfield Ag News](https://feedsoft.ai/events/7050-soybean-meal-leads-beans-corn-higher-brownfield-ag-news.md) | +4.4% | +4.6% |
| SOY | 2017-05-16 | [Soybeans up on new export sale - Brownfield Ag News](https://feedsoft.ai/events/71066-soybeans-up-on-new-export-sale-brownfield-ag-news.md) | -0.9% | -3.4% |
| SOY | 2018-05-03 | [USSEC says soybeans are “on sale” - Brownfield Ag News](https://feedsoft.ai/events/65055-ussec-says-soybeans-are-on-sale-brownfield-ag-news.md) | -2.5% | -1.4% |
| SOY | 2016-10-27 | [Demand supports soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/9242-demand-supports-soybeans-corn-brownfield-ag-news.md) | -3.3% | +3.6% |
| USDBRL | 2024-07-15 | [China buys first US soybeans of 2024 crop season \| Agriculture Dive](https://feedsoft.ai/events/29284-china-buys-first-us-soybeans-of-2024-crop-season-agriculture-dive.md) | +1.9% | +1.0% |
| USDBRL | 2020-04-21 | [Soybeans: Probably led lower by the energy complex - OCBC - Forex Crunch](https://feedsoft.ai/events/53674-soybeans-probably-led-lower-by-the-energy-complex-ocbc-forex-crunch.md) | +7.2% | +7.9% |
| USDBRL | 2019-08-26 | [USA vs China: Latin American currencies suffer with the trade war - LatinAmerican Post](https://feedsoft.ai/events/57817-usa-vs-china-latin-american-currencies-suffer-with-the-trade-war-latinamerican.md) | +0.3% | +1.6% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/soybeans-benefit-from-bullish-south-american-news/

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