Heavy rains improve central Brazil soil moisture but drought fears grow in southern South America

After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% over 20.

• Dec 19, 2022Drought hits Brazil corn in key southern state – StoneX-0.1%
• May 23, 2023South American row crops tell a tale of two opposites - Grain Central-3.3%
• Apr 21, 2022Moisture vs. Drought in Corn, Soybean States-1.2%
• Dec 6, 2021NW Iowa Subsoil Moistures Improved with Fall Rainfall | Integrated Crop Management+0.0%
• Jan 8, 2024Worst-Case Scenario: Why Eric Snodgrass Thinks The Heavy Rainfall In Brazil Could Do More Harm Than Good - AgWeb-3.5%

After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.

• Sep 28, 2021BRAZIL CORN WATCH: Rains to favor planting in south, dryness concern in central region | S&P Global+1.2%
• Apr 21, 2022Moisture vs. Drought in Corn, Soybean States-1.5%
• Feb 7, 2017Markets waiting for certainty on South American summer crop - Grain Central+1.9%
• Dec 6, 2021NW Iowa Subsoil Moistures Improved with Fall Rainfall | Integrated Crop Management+6.1%
• Aug 11, 2026Climate risks in East Africa and Latin America; bumper crops in Southern Africa and Asia - Joint Research Centre+3.6%

After 55 past neutral weather events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -1.7% to +1.5%), and +0.1% over 20.

• Dec 26, 2022Brazil Soybeans Benefit from Rain North, Hurt by Dryness Far South+5.7%
• Feb 18, 2021Brazil soy harvest moves slowly, corn advances despite early-season drought - Markets - Business Recorder-1.0%
• Jan 18, 2024South American Row Crop Yields+1.1%
• Jan 20, 2022Argentina rains cap crop losses from drought, weather experts say - Agweek | #1 source for agriculture news, farming, markets+0.2%
• Jan 26, 2018Daily rains slow Brazil’s early bean harvest-1.9%