# Drought, Disease, Pests Impacted the 2023 Soybean Growing Season - ProAg

> Drought and extreme heat reduced soybean yields across parts of the Midwest and Great Plains in 2023, with dryland fields producing very small beans. White mold spread across Nebraska, South Dakota and parts of Iowa, and dectes stem borer hit south-central Nebraska and Kansas.

- Date: 2024-01-26 · published 2024-01-26T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/13213-drought-disease-pests-impacted-the-2023-soybean-growing-season-proag
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Yield losses from drought and disease tighten soybean and meal supplies, which supports prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-11-30 | [Drought Continues to Hamper Brazil's Corn, Soybean Growing Season](https://feedsoft.ai/events/50007-drought-continues-to-hamper-brazil-s-corn-soybean-growing-season.md) | -2.4% | +5.3% |
| SOY | 2022-03-23 | [Brazil Drought Impacts Soybean Production - Field Advisor](https://feedsoft.ai/events/13737-brazil-drought-impacts-soybean-production-field-advisor.md) | -3.2% | +3.0% |
| SOY | 2025-01-16 | [EU soybean meal prices rise as Argentina's drought impacts production](https://feedsoft.ai/events/26587-eu-soybean-meal-prices-rise-as-argentina-s-drought-impacts-production.md) | +2.2% | -1.2% |
| SOY | 2017-03-03 | [How is the 2017 Growing Season Shaping Up?](https://feedsoft.ai/events/71836-how-is-the-2017-growing-season-shaping-up.md) | -2.6% | -6.2% |
| SOY | 2025-12-26 | [Assessing the 2025 growing season while anticipating the 2026 outlook \| Ag Proud](https://feedsoft.ai/events/13032-assessing-the-2025-growing-season-while-anticipating-the-2026-outlook-ag-proud.md) | -3.2% | -0.1% |
| SBM | 2020-11-30 | [Drought Continues to Hamper Brazil's Corn, Soybean Growing Season](https://feedsoft.ai/events/50007-drought-continues-to-hamper-brazil-s-corn-soybean-growing-season.md) | -2.4% | +4.2% |
| SBM | 2022-03-23 | [Brazil Drought Impacts Soybean Production - Field Advisor](https://feedsoft.ai/events/13737-brazil-drought-impacts-soybean-production-field-advisor.md) | -2.6% | -2.0% |
| SBM | 2025-01-16 | [EU soybean meal prices rise as Argentina's drought impacts production](https://feedsoft.ai/events/26587-eu-soybean-meal-prices-rise-as-argentina-s-drought-impacts-production.md) | +3.5% | -2.5% |

## Sources

- proag.com: https://www.proag.com/news/drought-disease-pests-impacted-the-2023-soybean-growing-season/

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