# AgroPages-Extreme weather knocks down Brazil's soybean and corn production-Agricultural news

> Aprosoja/MS cut its 2023/24 soybean yield estimate to 50.5 sacks per hectare, down 19% from 2022/23, and total production to 12.92 million tons, down 13.8% from initial expectations. Hot, dry weather also hit safrinha corn in Parana.

- Date: 2024-04-12 · published 2024-04-12T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13579-agropages-extreme-weather-knocks-down-brazil-s-soybean-and-corn-production
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A sharp cut to Mato Grosso do Sul production tightens Brazilian soybean supply, supporting soybean and meal prices, though farmer selling is slow and limits near-term pressure.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-10-25 | [All over Brazil, extreme weather is affecting soybean planting](https://feedsoft.ai/events/13618-all-over-brazil-extreme-weather-is-affecting-soybean-planting.md) | -0.6% | +6.3% |
| SOY | 2018-03-01 | [Weather provides more support in corn, soybeans, and wheat - Brownfield Ag News](https://feedsoft.ai/events/66079-weather-provides-more-support-in-corn-soybeans-and-wheat-brownfield-ag-news.md) | +1.0% | -2.6% |
| SOY | 2023-12-12 | [Brazil Cuts Its Soybean and Corn Production Projections for 2024 - farmdoc daily](https://feedsoft.ai/events/13604-brazil-cuts-its-soybean-and-corn-production-projections-for-2024-farmdoc-daily.md) | -0.7% | -8.0% |
| SOY | 2018-11-23 | [AgroPages-Brazil: El Niño alters the dynamics of pests and diseases, and demands attention from farmers-Agricultural news](https://feedsoft.ai/events/61882-agropages-brazil-el-nino-alters-the-dynamics-of-pests-and-diseases-and-demands.md) | +0.5% | +0.2% |
| SOY | 2017-06-07 | [Corn, soybeans higher on weather concerns - Brownfield Ag News](https://feedsoft.ai/events/70428-corn-soybeans-higher-on-weather-concerns-brownfield-ag-news.md) | +1.0% | +5.7% |
| SBM | 2023-10-25 | [All over Brazil, extreme weather is affecting soybean planting](https://feedsoft.ai/events/13618-all-over-brazil-extreme-weather-is-affecting-soybean-planting.md) | -0.1% | +6.7% |
| SBM | 2018-03-01 | [Weather provides more support in corn, soybeans, and wheat - Brownfield Ag News](https://feedsoft.ai/events/66079-weather-provides-more-support-in-corn-soybeans-and-wheat-brownfield-ag-news.md) | -3.6% | -5.8% |
| SBM | 2018-11-23 | [AgroPages-Brazil: El Niño alters the dynamics of pests and diseases, and demands attention from farmers-Agricultural news](https://feedsoft.ai/events/61882-agropages-brazil-el-nino-alters-the-dynamics-of-pests-and-diseases-and-demands.md) | +0.1% | -0.3% |

## Sources

- news.agropages.com: https://news.agropages.com/News/NewsDetail---49829.htm

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