# Brazil's 2017/18 soybean crop seen second-biggest in history - AgCanada

> A Reuters poll averaging 11 forecasts put Brazil's 2017/18 soybean crop at 110.19 million tonnes, the second-largest on record, up from the prior November poll. Planted area is expected to be a record 34.90 million hectares as soy expanded over corn land. Analysts said conditions were generally very good despite planting delays.

- Date: 2018-01-05 · published 2018-01-05T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/66832-brazil-s-2017-18-soybean-crop-seen-second-biggest-in-history-agcanada
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A large Brazilian crop expands global soybean export supply, a bearish factor for soybeans and soybean meal prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-02-26 | [Iowa produces second biggest crop in 2017](https://feedsoft.ai/events/66351-iowa-produces-second-biggest-crop-in-2017.md) | +2.4% | -0.8% |
| SOY | 2018-02-23 | [Iowa records second largest corn, soybean crop in 2017 \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/66349-iowa-records-second-largest-corn-soybean-crop-in-2017-iowa-agribusiness-radio.md) | +2.5% | -0.2% |
| SOY | 2018-01-15 | [Brazil forecasts 110m tons of soybeans and 25m tons of corn in 2017/18 harvest — MercoPress](https://feedsoft.ai/events/66834-brazil-forecasts-110m-tons-of-soybeans-and-25m-tons-of-corn-in-2017-18-harvest.md) | +4.3% | +6.1% |
| SOY | 2020-02-12 | [Brazil's Soybean Harvest 16% Complete](https://feedsoft.ai/events/54461-brazil-s-soybean-harvest-16-complete.md) | +1.4% | -1.9% |
| SOY | 2017-11-21 | [Iowa harvests its second-largest corn, soybean crops](https://feedsoft.ai/events/67836-iowa-harvests-its-second-largest-corn-soybean-crops.md) | +0.3% | -3.4% |
| SBM | 2018-01-15 | [Brazil forecasts 110m tons of soybeans and 25m tons of corn in 2017/18 harvest — MercoPress](https://feedsoft.ai/events/66834-brazil-forecasts-110m-tons-of-soybeans-and-25m-tons-of-corn-in-2017-18-harvest.md) | +9.3% | +15.5% |
| SBM | 2017-08-14 | [Brazil: Estimates for corn and soybean crop are raised again](https://feedsoft.ai/events/69285-brazil-estimates-for-corn-and-soybean-crop-are-raised-again.md) | -0.3% | +0.3% |
| SBM | 2017-04-06 | [Brazil To Harvest Record Corn And Soybean Yields](https://feedsoft.ai/events/71350-brazil-to-harvest-record-corn-and-soybean-yields.md) | +0.9% | +1.4% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/brazils-2017-18-soybean-crop-seen-second-biggest-in-history

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