# Brazil soy planting seen at slowest pace in eight years -AgRural – Reuters - AgRural

> AgRural reported Brazil's 2023/24 soybean planting at 74% as of late November, the slowest pace in eight years, as excess rain hit the south and dryness hit center-north. The consultancy trimmed its crop estimate to 163.5 million tons and did not rule out further cuts. Corn planting for the first 2024 crop also lagged the prior year.

- Date: 2023-11-27 · published 2023-11-27T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13611-brazil-soy-planting-seen-at-slowest-pace-in-eight-years-agrural-reuters-agrural
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A smaller expected soybean crop and slower corn planting reduce export availability and support soybean and corn prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-02-22 | [Brazil soybean harvest pace still at 10-year low on rain: Agrural - Fastmarkets](https://feedsoft.ai/events/48464-brazil-soybean-harvest-pace-still-at-10-year-low-on-rain-agrural-fastmarkets.md) | +2.0% | +2.8% |
| SOY | 2018-01-04 | [Argentina's Soybean Planting Pace Is Slowest in History](https://feedsoft.ai/events/66853-argentina-s-soybean-planting-pace-is-slowest-in-history.md) | -1.3% | +2.6% |
| 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 | 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% |
| SOY | 2023-10-19 | [El Nino worries Brazil soy farmers as planting progresses, grain lobby says \| Reuters](https://feedsoft.ai/events/13617-el-nino-worries-brazil-soy-farmers-as-planting-progresses-grain-lobby-says.md) | -1.7% | +5.6% |
| CORN | 2023-02-15 | [Brazil's corn planting is not the slowest ever, but yield risks are elevated  \| Reuters](https://feedsoft.ai/events/13663-brazil-s-corn-planting-is-not-the-slowest-ever-but-yield-risks-are-elevated.md) | -0.3% | -5.3% |
| CORN | 2021-02-22 | [Brazil soybean harvest pace still at 10-year low on rain: Agrural - Fastmarkets](https://feedsoft.ai/events/48464-brazil-soybean-harvest-pace-still-at-10-year-low-on-rain-agrural-fastmarkets.md) | +1.6% | -3.4% |
| CORN | 2018-01-04 | [Argentina's Soybean Planting Pace Is Slowest in History](https://feedsoft.ai/events/66853-argentina-s-soybean-planting-pace-is-slowest-in-history.md) | -0.8% | +1.9% |

## Sources

- agrural.com.br: https://agrural.com.br/brazil-soy-planting-seen-at-slowest-pace-in-eight-years-agrural-reuters/

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