# Showers Could Slow Harvest in Central Brazil

> El Nino has driven hot, dry weather in central Brazil, lowering soybean yield projections. Temperatures in Mato Grosso and Argentina's soybean regions were among the hottest and driest in 30-plus years for the week ending February 3.

- Date: 2024-02-05 · published 2024-02-05T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13591-showers-could-slow-harvest-in-central-brazil
- 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

Lower soybean yields in central Brazil and Argentina reduce crush and export supply, while the dry conditions threaten the second corn crop, supporting soybean meal and corn prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-01-22 | [Showers Returning to Central Brazil](https://feedsoft.ai/events/13598-showers-returning-to-central-brazil.md) | -0.3% | -3.4% |
| SOY | 2020-10-14 | [How Brazil’s weather woes could boost U.S. farm incomes](https://feedsoft.ai/events/50485-how-brazil-s-weather-woes-could-boost-u-s-farm-incomes.md) | +1.9% | +9.0% |
| SOY | 2018-12-04 | [Wet Weather in Central Brazil a Cause for Concern](https://feedsoft.ai/events/61504-wet-weather-in-central-brazil-a-cause-for-concern.md) | +1.0% | -0.6% |
| SOY | 2026-08-10 | [El Niño's Growing Threat: A Slower Harvest at Home, A Bigger Problem in Brazil - AgWeb](https://feedsoft.ai/events/17833-el-nino-s-growing-threat-a-slower-harvest-at-home-a-bigger-problem-in-brazil.md) | +1.5% | +11.9% |
| SOY | 2021-02-26 | [Brazil Soy Harvest Slowed by Delayed Planting and Wet Weather](https://feedsoft.ai/events/48465-brazil-soy-harvest-slowed-by-delayed-planting-and-wet-weather.md) | +0.7% | +0.6% |
| SBM | 2018-12-04 | [Wet Weather in Central Brazil a Cause for Concern](https://feedsoft.ai/events/61504-wet-weather-in-central-brazil-a-cause-for-concern.md) | -1.0% | +0.2% |
| SBM | 2024-09-27 | [Wet Season Starting, But Very Slowly for Central Brazil](https://feedsoft.ai/events/13547-wet-season-starting-but-very-slowly-for-central-brazil.md) | +2.7% | -5.1% |
| SBM | 2023-01-10 | [Drought in Southern Brazil while Excess Wetness in Central Brazil](https://feedsoft.ai/events/13675-drought-in-southern-brazil-while-excess-wetness-in-central-brazil.md) | +2.5% | -1.8% |

## Sources

- agriculture.com: https://www.agriculture.com/showers-could-slow-harvest-in-central-brazil-8558607

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