# Erratic weather threatens Brazil’s run at another record soy crop  | Reuters

> Erratic weather is threatening Brazil's effort to produce another record soybean crop. Farmers had planted 40% of the 2023-24 crop in early November, slower than a year earlier, while Mato Grosso's planting slipped below the historic pace.

- Date: 2023-11-03 · published 2023-11-03T12:00:00.000Z
- Category: weather · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/13610-erratic-weather-threatens-brazil-s-run-at-another-record-soy-crop-reuters
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Planting delays raise the risk of lower yields in the world's largest soybean exporter, which supports soybean and meal prices.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-09-12 | [Column: Brazil's upcoming soy, corn crops at risk amid historically dry weather \| Reuters](https://feedsoft.ai/events/56901-column-brazil-s-upcoming-soy-corn-crops-at-risk-amid-historically-dry-weather.md) | +4.1% | +8.2% |
| SOY | 2019-01-09 | [Brazil, Argentina Crop Weather Update](https://feedsoft.ai/events/61025-brazil-argentina-crop-weather-update.md) | -1.4% | +1.7% |
| SOY | 2019-02-06 | [Brazil, Argentina Crop Weather Update](https://feedsoft.ai/events/60441-brazil-argentina-crop-weather-update.md) | -0.3% | -3.3% |
| SOY | 2023-08-18 | [Exclusive: India faces record low August rains, threatening summer crops \| Reuters](https://feedsoft.ai/events/34475-exclusive-india-faces-record-low-august-rains-threatening-summer-crops-reuters.md) | +2.2% | +0.3% |
| SOY | 2023-08-31 | [Drought, Record Heat Threaten U.S. Soybean Crop at Critical Growing Stage - CoBank Site - CoBank](https://feedsoft.ai/events/13257-drought-record-heat-threaten-u-s-soybean-crop-at-critical-growing-stage-cobank.md) | -2.6% | -5.8% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/erratic-weather-threatens-brazils-run-another-record-soy-crop-2023-11-03/

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