# Severe weather punishes soybean production in Mato Grosso

> Early soybean harvests in Mato Grosso, Brazil's largest producer, show yields more than 50% below expectations in some fields after an irregular El Niño season. Conab forecasts the state's crop at 43 million tonnes, 5% below last season. Delayed planting and replanting added to the losses.

- Date: 2024-01-10 · published 2024-01-10T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13597-severe-weather-punishes-soybean-production-in-mato-grosso
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A large shortfall in Brazil's top soybean state reduces export availability and supports soybean and meal prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-11-23 | [Oklahoma weather disrupted soybean production \| Oklahoma State University](https://feedsoft.ai/events/13408-oklahoma-weather-disrupted-soybean-production-oklahoma-state-university.md) | -4.5% | +2.6% |
| SOY | 2024-02-27 | [Soybean Yields Disappoint in Southern Mato Grosso do Sul](https://feedsoft.ai/events/13592-soybean-yields-disappoint-in-southern-mato-grosso-do-sul.md) | +1.0% | +6.4% |
| SOY | 2017-07-27 | [Drier Weather Pushes Grain, Soybean Futures Higher \| Fox Business](https://feedsoft.ai/events/7124-drier-weather-pushes-grain-soybean-futures-higher-fox-business.md) | -2.3% | -5.4% |
| SOY | 2024-04-12 | [AgroPages-Extreme weather knocks down Brazil's soybean and corn production-Agricultural news](https://feedsoft.ai/events/13579-agropages-extreme-weather-knocks-down-brazil-s-soybean-and-corn-production.md) | -2.2% | +2.9% |
| SOY | 2024-04-24 | [Weather conditions harm soybean and corn harvests in several states - Revista Cultivar](https://feedsoft.ai/events/13577-weather-conditions-harm-soybean-and-corn-harvests-in-several-states-revista.md) | -1.9% | +5.9% |
| SBM | 2021-11-23 | [Oklahoma weather disrupted soybean production \| Oklahoma State University](https://feedsoft.ai/events/13408-oklahoma-weather-disrupted-soybean-production-oklahoma-state-university.md) | -5.2% | +5.6% |
| SBM | 2024-02-27 | [Soybean Yields Disappoint in Southern Mato Grosso do Sul](https://feedsoft.ai/events/13592-soybean-yields-disappoint-in-southern-mato-grosso-do-sul.md) | -1.0% | -0.7% |
| SBM | 2024-04-12 | [AgroPages-Extreme weather knocks down Brazil's soybean and corn production-Agricultural news](https://feedsoft.ai/events/13579-agropages-extreme-weather-knocks-down-brazil-s-soybean-and-corn-production.md) | +1.2% | +9.5% |

## Sources

- valorinternational.globo.com: https://valorinternational.globo.com/agribusiness/news/2024/01/10/severe-weather-punishes-soybean-production-in-mato-grosso.ghtml

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