# Soybean market described as fragile

> Texas A&M economist Mark Welch reports that Brazil's political crisis has hit its stock market and currency, with the IBOV index down 10% and the real falling about 9% in a week. A weaker real raised Brazilian farmer prices, which may encourage farmers to sell their large harvest and pressure Chicago soybean prices. Corn export sales were described as strong.

- Date: 2017-05-26 · published 2017-05-26T12:00:00.000Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/71036-soybean-market-described-as-fragile
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Brazilian farmer selling of a large crop, prompted by a weaker real, adds supply pressure on soybean prices while U.S. corn demand stays firm.

## Read by commodity

- SOY: bearish ▼
- CORN: neutral
- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-03-09 | [Corn, soybeans, wheat drop about 2% as global markets recoil \| Financial Post](https://feedsoft.ai/events/11269-corn-soybeans-wheat-drop-about-2-as-global-markets-recoil-financial-post.md) | -4.1% | -3.3% |
| SOY | 2020-03-10 | [Corn, soybean prices fall, equity markets collapse \| TSLN.com](https://feedsoft.ai/events/11275-corn-soybean-prices-fall-equity-markets-collapse-tsln-com.md) | -4.8% | -0.9% |
| SOY | 2020-01-28 | [Soybean market looking for good news \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/55165-soybean-market-looking-for-good-news-an-official-publication-of-michigan-farm.md) | -2.3% | -2.0% |
| SOY | 2019-04-24 | [An Explanation for Soybeans' Day-to-Day Swings](https://feedsoft.ai/events/59633-an-explanation-for-soybeans-day-to-day-swings.md) | -2.4% | -4.6% |
| SOY | 2022-07-25 | [Fed fallout looms for market](https://feedsoft.ai/events/40514-fed-fallout-looms-for-market.md) | +14.1% | +3.8% |
| CORN | 2022-05-25 | [What's in Store for the 2022 Feeder Cattle Market?](https://feedsoft.ai/events/5071-what-s-in-store-for-the-2022-feeder-cattle-market.md) | -2.8% | -3.7% |
| CORN | 2024-11-22 | [International corn market pressured by strong dollar](https://feedsoft.ai/events/6063-international-corn-market-pressured-by-strong-dollar.md) | -2.0% | +2.8% |
| CORN | 2022-04-25 | [Australian share market suffers $55 billion loss on China lockdown fears - ABC News](https://feedsoft.ai/events/42095-australian-share-market-suffers-55-billion-loss-on-china-lockdown-fears-abc-news.md) | +0.4% | -2.0% |

## Sources

- farmprogress.com: https://www.farmprogress.com/crops/brazil-political-turmoil-affects-u-s-soybean-market

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