# South American Soybean Production Impact

> USDA's December WASDE left US corn and soybean ending stocks and South American production estimates unchanged. Combined Brazil and Argentina soybean output for 2019/20 is pegged at a record 176.0 million tonnes. The author says South American production prospects and US-China trade will drive soybean prices in coming months.

- Date: 2019-12-12 · published 2019-12-12T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/55631-south-american-soybean-production-impact
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A record South American crop expected to be harvested adds global supply and limits US soybean price upside, pressuring soymeal costs.

## Read by commodity

- SOY: bearish ▼
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-02-08 | [USDA Trims South American Production, Raises U.S. Ending Stocks](https://feedsoft.ai/events/31630-usda-trims-south-american-production-raises-u-s-ending-stocks.md) | -1.6% | -2.7% |
| SOY | 2026-10-26 | [Improved US, South American Crop Outlook Weighs on Soybean Prices \| CZ app](https://feedsoft.ai/events/17150-improved-us-south-american-crop-outlook-weighs-on-soybean-prices-cz-app.md) | -1.5% | — |
| SOY | 2017-01-01 | [Corn and Soybean Production Outlook in 2017-18](https://feedsoft.ai/events/72931-corn-and-soybean-production-outlook-in-2017-18.md) | 0.0% | +2.8% |
| SOY | 2026-07-08 | [Attachés offer South American soybean forecasts \| The Western Producer](https://feedsoft.ai/events/13789-attaches-offer-south-american-soybean-forecasts-the-western-producer.md) | +0.9% | -3.5% |
| SOY | 2024-11-13 | [China’s soybean production, imports steady \| World Grain](https://feedsoft.ai/events/27390-china-s-soybean-production-imports-steady-world-grain.md) | -0.5% | -0.8% |
| CORN | 2017-01-01 | [Corn and Soybean Production Outlook in 2017-18](https://feedsoft.ai/events/72931-corn-and-soybean-production-outlook-in-2017-18.md) | +0.3% | +2.3% |
| CORN | 2022-12-20 | [South American corn and soybean outlook: Playing the odds](https://feedsoft.ai/events/13683-south-american-corn-and-soybean-outlook-playing-the-odds.md) | +2.9% | +4.3% |
| CORN | 2019-09-12 | [USDA Lowers Corn, Soybean Production and Yield - ProAg](https://feedsoft.ai/events/9896-usda-lowers-corn-soybean-production-and-yield-proag.md) | +4.8% | +9.0% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/fundamentally-speaking/blog-post/2019/12/12/south-american-soybean-production

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