# Brazil's Own Soy Anxieties

> Brazilian soybean planting is underway, with Mato Grosso at about 4.8% planted and Parana at roughly 18%, versus 1% and 9% a year earlier. AgRural raised its Brazilian soybean area forecast to 35.8 million hectares as China imposes a 25% tariff on US soybeans and buys more Brazilian beans.

- Date: 2018-09-26 · published 2018-09-26T12:00:00.000Z
- Category: trade · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/62865-brazil-s-own-soy-anxieties
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Chinese tariffs on US soybeans shift demand toward Brazil, and strong Brazilian planting and a larger area point to ample future supply, which pressures new-crop soybean and meal prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- BARGE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-01-18 | [U.S. comes closer to losing corn export crown to Brazil](https://feedsoft.ai/events/14871-u-s-comes-closer-to-losing-corn-export-crown-to-brazil.md) | -1.7% | -1.0% |
| CORN | 2023-05-24 | [Plentiful Chinese wheat to pile pain on corn and soy from US and Brazil](https://feedsoft.ai/events/14840-plentiful-chinese-wheat-to-pile-pain-on-corn-and-soy-from-us-and-brazil.md) | -3.4% | -0.1% |
| CORN | 2023-12-20 | [China ramps up Brazil soy, corn purchases \| World Grain](https://feedsoft.ai/events/14787-china-ramps-up-brazil-soy-corn-purchases-world-grain.md) | +3.1% | -1.9% |
| CORN | 2022-12-08 | [China’s Brazilian corn haul surges; U.S. soy hopes briefly rise](https://feedsoft.ai/events/14877-china-s-brazilian-corn-haul-surges-u-s-soy-hopes-briefly-rise.md) | +1.0% | +3.2% |
| CORN | 2023-05-26 | [Brazil’s bin-busting corn crop poised to drive down prices](https://feedsoft.ai/events/5567-brazil-s-bin-busting-corn-crop-poised-to-drive-down-prices.md) | -4.9% | +0.1% |
| SOY | 2018-01-25 | [Soy source: Brazil's share of soybean exports to China hits record](https://feedsoft.ai/events/67014-soy-source-brazil-s-share-of-soybean-exports-to-china-hits-record.md) | +0.4% | +4.0% |
| SOY | 2023-05-24 | [Plentiful Chinese wheat to pile pain on corn and soy from US and Brazil](https://feedsoft.ai/events/14840-plentiful-chinese-wheat-to-pile-pain-on-corn-and-soy-from-us-and-brazil.md) | -1.7% | +13.5% |
| SOY | 2023-12-20 | [China ramps up Brazil soy, corn purchases \| World Grain](https://feedsoft.ai/events/14787-china-ramps-up-brazil-soy-corn-purchases-world-grain.md) | +0.3% | -7.6% |

## Sources

- businessinsider.com: https://www.businessinsider.com/r-mississippi-river-traffic-halts-north-of-st-louis-army-corps-2018-9
- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/south-america-calling/blog-post/2018/09/28/brazils-soy-anxieties

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