# South American Row Crop Yields

> USDA cut Brazil's 2023/24 soybean crop by 4 million metric tons to 157 million and its corn crop by 2 million to 127 million on adverse weather and smaller safrinha area. Argentina's soybean crop was raised 2 million to 50 million, while its corn estimate was held at 55 million. The shift is linked to the transition from La Niña to El Niño.

- Date: 2024-01-18 · published 2024-01-18T12:00:00.000Z
- Category: weather · region South America · magnitude medium
- Page: https://feedsoft.ai/events/13596-south-american-row-crop-yields
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower Brazilian output tightens export supply for corn and soybeans, while Argentina's recovery partly offsets the shortfall, leaving prices supported on the corn side.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-04-29 | [South America Calling](https://feedsoft.ai/events/53471-south-america-calling.md) | +2.5% | +2.3% |
| CORN | 2025-03-28 | [South America Calling](https://feedsoft.ai/events/13506-south-america-calling.md) | +0.5% | +5.5% |
| CORN | 2023-09-21 | [South America Calling](https://feedsoft.ai/events/13623-south-america-calling.md) | -0.2% | +0.5% |
| CORN | 2021-03-16 | [Weather woes persist for South American row crops - Grain Central](https://feedsoft.ai/events/47964-weather-woes-persist-for-south-american-row-crops-grain-central.md) | +11.3% | +13.1% |
| CORN | 2021-01-26 | [Dry Crop Season in South America to Continue](https://feedsoft.ai/events/48975-dry-crop-season-in-south-america-to-continue.md) | +5.1% | +1.5% |
| SOY | 2023-05-23 | [South American row crops tell a tale of two opposites - Grain Central](https://feedsoft.ai/events/13649-south-american-row-crops-tell-a-tale-of-two-opposites-grain-central.md) | -3.3% | +12.9% |
| SOY | 2017-12-14 | [South American crop and weather update - Morning Ag Clips](https://feedsoft.ai/events/67327-south-american-crop-and-weather-update-morning-ag-clips.md) | -2.6% | -3.6% |
| SOY | 2017-12-13 | [A More-Favorable South America Forecast](https://feedsoft.ai/events/67331-a-more-favorable-south-america-forecast.md) | -2.0% | -3.6% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2024/01/18/south-american-row-crop-yields

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