# Brazil new soy frontier Matopiba contributing to record crop

> Brazil's Matopiba region, spanning four northern states, is contributing to a record soybean crop this year. Good weather has aided a recovery in yields after several drought-hit seasons. The region produced 12.17 million tonnes of soy last season when a dry spell caused heavy losses.

- Date: 2017-03-22 · published 2017-03-22T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/71826-brazil-new-soy-frontier-matopiba-contributing-to-record-crop
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A larger Brazilian soybean crop adds to export supply, which is bearish for soybean and soymeal prices during the South American harvest and export period.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-04-11 | [Southern Brazil reaps record soy to offset center-west crop failure](https://feedsoft.ai/events/13573-southern-brazil-reaps-record-soy-to-offset-center-west-crop-failure.md) | -1.3% | +4.1% |
| SOY | 2023-04-01 | [Record in Brazil, Drop in Argentina: Contrasting Soybean Harvests in South America - farmdoc daily](https://feedsoft.ai/events/13656-record-in-brazil-drop-in-argentina-contrasting-soybean-harvests-in-south.md) | -1.2% | -3.4% |
| SOY | 2021-10-21 | [Double-Dip La Nina Motivates Second-Fastest Start on Record to Brazil Soybean Planting](https://feedsoft.ai/events/44379-double-dip-la-nina-motivates-second-fastest-start-on-record-to-brazil-soybean.md) | -0.5% | +2.5% |
| SOY | 2023-11-25 | [Soybeans fall as rain benefits top supplier Brazil - Markets - Business Recorder](https://feedsoft.ai/events/33226-soybeans-fall-as-rain-benefits-top-supplier-brazil-markets-business-recorder.md) | -0.4% | -2.3% |
| SOY | 2021-10-26 | [Planting pace of new Brazilian soybean crop remains strong 26.10.2021 - UkrAgroConsult](https://feedsoft.ai/events/44381-planting-pace-of-new-brazilian-soybean-crop-remains-strong-26-10-2021.md) | -0.0% | +3.0% |
| SBM | 2024-04-11 | [Southern Brazil reaps record soy to offset center-west crop failure](https://feedsoft.ai/events/13573-southern-brazil-reaps-record-soy-to-offset-center-west-crop-failure.md) | +2.5% | +12.3% |
| SBM | 2023-04-01 | [Record in Brazil, Drop in Argentina: Contrasting Soybean Harvests in South America - farmdoc daily](https://feedsoft.ai/events/13656-record-in-brazil-drop-in-argentina-contrasting-soybean-harvests-in-south.md) | -2.6% | -5.8% |
| SBM | 2023-11-25 | [Soybeans fall as rain benefits top supplier Brazil - Markets - Business Recorder](https://feedsoft.ai/events/33226-soybeans-fall-as-rain-benefits-top-supplier-brazil-markets-business-recorder.md) | -5.8% | -11.3% |

## Sources

- reuters.com: https://www.reuters.com/article/us-brazil-grains-croptour-idUSKBN16T022/

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