# Soybeans, corn down, expecting big crops in Brazil - Brownfield Ag News

> Soybeans and corn closed lower on profit taking, a firmer dollar and expectations of a large Brazilian crop. Informa and other analysts cut Argentina's 2017/18 crop estimates on hot, dry weather, while Brazil's soybean crop is estimated near 110-112.5 million tons.

- Date: 2018-02-02 · published 2018-02-02T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/66521-soybeans-corn-down-expecting-big-crops-in-brazil-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Expectations of a big Brazilian harvest offset Argentine drought losses, pressuring soybean meal and oil and limiting corn gains for feed markets.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- CORN: neutral

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-corn-expecting-big-crops-brazil/

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