# Brazil uncertainties shake up soybeans, corn - Brownfield Ag News

> Soybeans and soybean meal and oil fell sharply on May 18, 2017, after Brazil's currency and stock market dropped when President Temer was implicated in a cover-up involving JBS. Corn also declined on export concerns tied to the weaker real, and wheat was narrowly mixed.

- Date: 2017-05-18 · published 2017-05-18T12:00:00.000Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/7585-brazil-uncertainties-shake-up-soybeans-corn-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The weaker real may help Brazilian exports and pressure soy complex prices, while corn faces added competition from Brazilian supply.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-02-25 | [Coronavirus spread pressures grains, oilseeds - Brownfield Ag News](https://feedsoft.ai/events/12543-coronavirus-spread-pressures-grains-oilseeds-brownfield-ag-news.md) | +1.9% | +1.1% |
| SOY | 2017-05-18 | [U.S. grains: Soybeans fall as Brazilian currency dives - AgCanada](https://feedsoft.ai/events/7583-u-s-grains-soybeans-fall-as-brazilian-currency-dives-agcanada.md) | -2.8% | -4.2% |
| SOY | 2026-03-01 | [Why Corn and Soybean Prices May Not Rebound Until 2027](https://feedsoft.ai/events/20625-why-corn-and-soybean-prices-may-not-rebound-until-2027.md) | +2.4% | +0.2% |
| SOY | 2017-05-18 | [Brazil's Scandal Hits Soybean Prices](https://feedsoft.ai/events/7584-brazil-s-scandal-hits-soybean-prices.md) | -2.8% | -4.2% |
| SOY | 2016-06-24 | [U.S. grains: Soy, corn drop on Brexit fallout - Grainews](https://feedsoft.ai/events/11728-u-s-grains-soy-corn-drop-on-brexit-fallout-grainews.md) | +4.5% | -10.5% |
| SBM | 2020-02-25 | [Coronavirus spread pressures grains, oilseeds - Brownfield Ag News](https://feedsoft.ai/events/12543-coronavirus-spread-pressures-grains-oilseeds-brownfield-ag-news.md) | +5.6% | +16.6% |
| SBM | 2017-05-18 | [U.S. grains: Soybeans fall as Brazilian currency dives - AgCanada](https://feedsoft.ai/events/7583-u-s-grains-soybeans-fall-as-brazilian-currency-dives-agcanada.md) | -2.8% | -4.7% |
| SBM | 2018-08-13 | [Turkish crisis drives up dollar in Brazil - ANBA News Agency](https://feedsoft.ai/events/9469-turkish-crisis-drives-up-dollar-in-brazil-anba-news-agency.md) | +2.0% | -2.3% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/brazil-uncertainties-shake-soybeans-corn/

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