Two South American countries this year will produce record soybean crops, causing concern that demand will wane for U.S. supplies, as well as a market reaction. The U.S. Department of Agriculture said Argentina and Brazil will produce 4.48 billion bushels of soybeans, a 36 percent increase over last year, bumping global inventories to 63.8 million tons.

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The U.S. is the largest producer and exporter of soybeans, which is the country’s second biggest crop behind corn. But these record South American crops, which follow a harvest impacted last year by drought, and the expectation that farmers in the U.S. won’t be able to get this crop in the ground quickly, caused soybean futures to drop.