# Southern Brazil reaps record soy to offset center-west crop failure

> Southern Brazil is reporting a record soybean harvest after two consecutive drought years in the south and neighboring Argentina. The strong southern yields are offsetting crop losses in Mato Grosso, Brazil's top soybean state, where drought hit the center-west.

- Date: 2024-04-11 · published 2024-04-11T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13573-southern-brazil-reaps-record-soy-to-offset-center-west-crop-failure
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A record southern Brazil crop adds to export supply and helps cushion the shortfall in Mato Grosso, which limits upward pressure on soybean and meal prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-03-12 | [Brazil Crop, Midwest Weather Outlook for Soybeans](https://feedsoft.ai/events/13012-brazil-crop-midwest-weather-outlook-for-soybeans.md) | -3.2% | -2.9% |
| SOY | 2017-03-22 | [Brazil new soy frontier Matopiba contributing to record crop](https://feedsoft.ai/events/71826-brazil-new-soy-frontier-matopiba-contributing-to-record-crop.md) | -2.9% | -5.1% |
| SOY | 2023-08-25 | [El Nino Favors South American Soy Crop; Northern Brazil Outlook Less Rosy](https://feedsoft.ai/events/13635-el-nino-favors-south-american-soy-crop-northern-brazil-outlook-less-rosy.md) | -0.4% | -5.1% |
| SOY | 2026-02-13 | [Weather favors Brazil’s soybean crop \| World Grain](https://feedsoft.ai/events/13448-weather-favors-brazil-s-soybean-crop-world-grain.md) | +0.0% | +6.5% |
| SOY | 2023-04-01 | [Record in Brazil, Drop in Argentina: Contrasting Soybean Harvests in South America - farmdoc daily](https://feedsoft.ai/events/13656-record-in-brazil-drop-in-argentina-contrasting-soybean-harvests-in-south.md) | -1.2% | -3.4% |
| SBM | 2026-03-12 | [Brazil Crop, Midwest Weather Outlook for Soybeans](https://feedsoft.ai/events/13012-brazil-crop-midwest-weather-outlook-for-soybeans.md) | +0.6% | -0.7% |
| SBM | 2017-03-22 | [Brazil new soy frontier Matopiba contributing to record crop](https://feedsoft.ai/events/71826-brazil-new-soy-frontier-matopiba-contributing-to-record-crop.md) | -3.2% | -4.6% |
| SBM | 2023-08-25 | [El Nino Favors South American Soy Crop; Northern Brazil Outlook Less Rosy](https://feedsoft.ai/events/13635-el-nino-favors-south-american-soy-crop-northern-brazil-outlook-less-rosy.md) | -0.3% | -6.6% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/southern-brazil-reaps-record-soy-offset-center-west-crop-failure-2024-04-11/

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