# Brazilian Crops Enter 2017 With Great Potential, Farmers Say

> Brazil's soybean planting reached 95% completion, and AgRural raised its soy production estimate to 101.8 million tonnes. Conab forecasts 102.45 million tonnes of soybeans and 213.1 million tonnes of total grains, up 14.2%.

- Date: 2016-12-22 · published 2016-12-22T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/73324-brazilian-crops-enter-2017-with-great-potential-farmers-say
- 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

Larger Brazilian soybean and grain forecasts increase global export supply, which pressures soybean, meal and corn prices lower through the South American harvest.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-05-13 | [Argentine farmers swap cereal crops for soyabeans in bid to counter…](https://feedsoft.ai/events/14034-argentine-farmers-swap-cereal-crops-for-soyabeans-in-bid-to-counter.md) | +1.8% | +5.1% |
| SOY | 2021-09-22 | [Brazil Starts Planting Grain Crop with Forecast of a New Record - farmdoc daily](https://feedsoft.ai/events/44914-brazil-starts-planting-grain-crop-with-forecast-of-a-new-record-farmdoc-daily.md) | +0.2% | -3.6% |
| SOY | 2018-01-01 | [Soybean Price Potential for 2018](https://feedsoft.ai/events/67030-soybean-price-potential-for-2018.md) | +0.7% | +5.1% |
| SOY | 2022-09-02 | [Brazilian Corn and Soybean 2022/2023 Crop Preview \| Weekly Crop Update](https://feedsoft.ai/events/13698-brazilian-corn-and-soybean-2022-2023-crop-preview-weekly-crop-update.md) | +1.1% | -7.3% |
| SOY | 2018-04-11 | [Baystreet.ca - Canadian Farmers Expected To Plant A Record Canola Crop In 2018](https://feedsoft.ai/events/65475-baystreet-ca-canadian-farmers-expected-to-plant-a-record-canola-crop-in-2018.md) | -0.4% | -3.7% |
| SBM | 2022-05-13 | [Argentine farmers swap cereal crops for soyabeans in bid to counter…](https://feedsoft.ai/events/14034-argentine-farmers-swap-cereal-crops-for-soyabeans-in-bid-to-counter.md) | +5.1% | +5.7% |
| SBM | 2021-09-22 | [Brazil Starts Planting Grain Crop with Forecast of a New Record - farmdoc daily](https://feedsoft.ai/events/44914-brazil-starts-planting-grain-crop-with-forecast-of-a-new-record-farmdoc-daily.md) | -0.2% | -3.8% |
| SBM | 2018-01-01 | [Soybean Price Potential for 2018](https://feedsoft.ai/events/67030-soybean-price-potential-for-2018.md) | +1.6% | +8.9% |

## Sources

- agriculture.com: https://www.agriculture.com/news/crops/brazilian-crops-enter-2017-with-great-potential-farmers-say

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