# Big South American Crops Pressure Price | an interview with Todd Hubbs

> Corn and soybean futures fell sharply after the USDA March WASDE report on March 9, with December corn closing at $3.87 and November soybeans at $10.00, both the lowest since late January. Large South American crops are expected to create tough export competition in coming months.

- Date: 2017-03-13 · published 2017-03-13T12:00:00.000Z
- Category: report · region South America · magnitude medium
- Page: https://feedsoft.ai/events/72025-big-south-american-crops-pressure-price-an-interview-with-todd-hubbs
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Big South American supplies and weaker U.S. export prospects pressure soybean and corn prices, which lowers feed ingredient costs in the near term.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-08-10 | [Surprise, Another Big Corn and Soybean Crop On the Way \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/69397-surprise-another-big-corn-and-soybean-crop-on-the-way-farm-bureau-intel-markets.md) | -4.5% | -6.5% |
| CORN | 2025-02-28 | [Prices face pressure as larger U.S. crops expected this year \| The Western Producer](https://feedsoft.ai/events/26080-prices-face-pressure-as-larger-u-s-crops-expected-this-year-the-western-producer.md) | -2.4% | +0.5% |
| CORN | 2023-11-16 | [Large U.S. corn crop to put pressure on feed barley prices](https://feedsoft.ai/events/33260-large-u-s-corn-crop-to-put-pressure-on-feed-barley-prices.md) | +0.0% | -2.2% |
| CORN | 2024-10-01 | [Corn and Soybean Prices Collapse Due to Big Crop Estimates](https://feedsoft.ai/events/27882-corn-and-soybean-prices-collapse-due-to-big-crop-estimates.md) | +0.2% | -2.4% |
| CORN | 2019-05-14 | [Crop forecasts and trade issues put grain prices under pressure - Farmers Weekly](https://feedsoft.ai/events/5735-crop-forecasts-and-trade-issues-put-grain-prices-under-pressure-farmers-weekly.md) | +7.0% | +11.7% |
| SOY | 2026-10-26 | [Improved US, South American Crop Outlook Weighs on Soybean Prices \| CZ app](https://feedsoft.ai/events/17150-improved-us-south-american-crop-outlook-weighs-on-soybean-prices-cz-app.md) | -1.5% | — |
| SOY | 2017-08-10 | [Surprise, Another Big Corn and Soybean Crop On the Way \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/69397-surprise-another-big-corn-and-soybean-crop-on-the-way-farm-bureau-intel-markets.md) | -4.3% | +0.0% |
| SOY | 2019-12-12 | [South American Soybean Production Impact](https://feedsoft.ai/events/55631-south-american-soybean-production-impact.md) | +3.9% | +4.6% |

## Sources

- narrowrow.com: http://www.narrowrow.com/2017/03/big-south-american-crops-pressure-price.html

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