# No Room in the Bin as Brazil Soy Farmers Grapple With Glut - Bloomberg

> Brazilian soybean farmers face a storage crunch after the country's biggest harvest on record, with domestic inventories expected to hit a record according to Abiove. Local prices to growers are down 28% from a year earlier, and farmers are stashing beans wherever they can instead of selling.

- Date: 2017-07-04 · published 2017-07-04T12:00:00.000Z
- Category: market · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/69990-no-room-in-the-bin-as-brazil-soy-farmers-grapple-with-glut-bloomberg
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A record Brazilian glut and weak farm-gate prices add export supply pressure on world soybean and meal markets, especially as Brazil's large corn crop arrives.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2017-07-04/brazil-farmers-bag-up-soy-as-glut-leaves-no-room-at-the-bin

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