# El Nino worries Brazil soy farmers as planting progresses, grain lobby says | Reuters

> Reuters reports that El Nino has brought unusual heat and dryness to Brazil, causing drought that is draining Amazonian rivers and disrupting northern grain shipments. In Rio Grande do Sul, excess rain has slowed soy planting, and Aprosoja-MT warned that extreme weather could force replanting and push corn and cotton sowing outside the ideal window.

- Date: 2023-10-19 · published 2023-10-19T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13617-el-nino-worries-brazil-soy-farmers-as-planting-progresses-grain-lobby-says
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Planting delays and possible replanting in Brazil's main soy and corn regions tighten near-term export supply expectations and support soybean and corn prices. Buyers should expect firmer South American basis and forward prices while the weather risk persists.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-02-08 | [Brazil farmer bankruptcy filings worry global grain traders \| Reuters](https://feedsoft.ai/events/13589-brazil-farmer-bankruptcy-filings-worry-global-grain-traders-reuters.md) | -1.6% | -2.7% |
| SOY | 2023-11-27 | [Brazil soy planting seen at slowest pace in eight years -AgRural – Reuters - AgRural](https://feedsoft.ai/events/13611-brazil-soy-planting-seen-at-slowest-pace-in-eight-years-agrural-reuters-agrural.md) | -0.4% | -2.3% |
| SOY | 2018-12-18 | [Brazil Soybean Farmers to Slow Early Selling Pace, Analyst Says](https://feedsoft.ai/events/61421-brazil-soybean-farmers-to-slow-early-selling-pace-analyst-says.md) | -2.3% | -1.1% |
| SOY | 2022-08-31 | [World faces 'triple dip' La Nina, UN says - stoking ag market worries - Grain Price News](https://feedsoft.ai/events/39963-world-faces-triple-dip-la-nina-un-says-stoking-ag-market-worries-grain-price.md) | -3.1% | -6.9% |
| SOY | 2020-08-26 | [Possible planting delays in Brazil, but farmers are motivated by high prices - Brownfield Ag News](https://feedsoft.ai/events/51444-possible-planting-delays-in-brazil-but-farmers-are-motivated-by-high-prices.md) | +4.5% | +11.0% |
| CORN | 2022-12-12 | [Brazil producers hope for rain as soybean planting nears end](https://feedsoft.ai/events/13678-brazil-producers-hope-for-rain-as-soybean-planting-nears-end.md) | +1.6% | +2.6% |
| CORN | 2024-02-08 | [Brazil farmer bankruptcy filings worry global grain traders \| Reuters](https://feedsoft.ai/events/13589-brazil-farmer-bankruptcy-filings-worry-global-grain-traders-reuters.md) | -1.4% | +1.6% |
| CORN | 2023-12-18 | [Brazilian farmers slow fertilizer buys as drought dampens corn-planting plans \| Reuters](https://feedsoft.ai/events/13602-brazilian-farmers-slow-fertilizer-buys-as-drought-dampens-corn-planting-plans.md) | -1.5% | -3.8% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/el-nino-worries-brazil-soy-farmers-planting-progresses-grain-lobby-says-2023-10-19/

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