# 2023/24 Brazil Soybeans Encounter Extreme Temperatures

> Temperatures of 40°C or higher were recorded in at least ten Brazilian states over the weekend, with 38-43°C in Mato Grosso, Goias, Tocantins and Mato Grosso do Sul. Disappointing early soybean yields and hot, dry weather led to a lower soybean estimate this week. Soybeans are 94% planted, according to AgRural.

- Date: 2023-12-20 · published 2023-12-20T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13608-2023-24-brazil-soybeans-encounter-extreme-temperatures
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Heat stress during pod filling could cut soybean yields in Brazil, the world's largest exporter. This supports soybean and meal prices.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-07-25 | [Could high temperatures, drought hammer 2022 corn, soybeans?](https://feedsoft.ai/events/13347-could-high-temperatures-drought-hammer-2022-corn-soybeans.md) | +14.1% | +3.8% |
| SOY | 2023-11-20 | [2023/24 Brazil Soybeans 61% Planted, Slowed by Dry Conditions](https://feedsoft.ai/events/13616-2023-24-brazil-soybeans-61-planted-slowed-by-dry-conditions.md) | -0.8% | -1.0% |
| SOY | 2017-09-25 | [Extreme dryness slows soybean planting in Brazil](https://feedsoft.ai/events/68794-extreme-dryness-slows-soybean-planting-in-brazil.md) | -1.6% | -0.6% |
| 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 | 2022-11-25 | [2022/23 Brazil Soybeans 80% Planted vs. 86% Last Year](https://feedsoft.ai/events/13685-2022-23-brazil-soybeans-80-planted-vs-86-last-year.md) | -0.4% | +2.2% |

## Sources

- soybeansandcorn.com: https://www.soybeansandcorn.com/articles/9822/

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