# Brazil Soybean Planting Slows as Dry Conditions Spread

> Gro reports that Brazil's 2023/24 soybean planting has slowed as uneven rainfall and growing dryness hit the main soy states. Conditions have deteriorated quickly since the start of the month.

- Date: 2023-10-23 · published 2023-10-23T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13619-brazil-soybean-planting-slows-as-dry-conditions-spread
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Dry conditions during planting can cut yield potential and delay the Brazilian harvest, which tightens export availability and supports soybean prices. Buyers should watch rainfall forecasts for the key producing states.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-12-26 | [Dry Conditions Slow Soybean Planting in Rio Grande do Sul, Brazil](https://feedsoft.ai/events/13684-dry-conditions-slow-soybean-planting-in-rio-grande-do-sul-brazil.md) | +0.6% | +1.6% |
| 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 | 2024-09-26 | [2024/25 Brazil Soybean Planting Off to a Slow Start](https://feedsoft.ai/events/13548-2024-25-brazil-soybean-planting-off-to-a-slow-start.md) | +0.3% | -5.3% |
| SOY | 2021-09-24 | [Changing Soybean Conditions](https://feedsoft.ai/events/44905-changing-soybean-conditions.md) | -2.2% | -4.7% |
| SBM | 2017-09-25 | [Extreme dryness slows soybean planting in Brazil](https://feedsoft.ai/events/68794-extreme-dryness-slows-soybean-planting-in-brazil.md) | -1.1% | +0.7% |
| SBM | 2021-09-24 | [Changing Soybean Conditions](https://feedsoft.ai/events/44905-changing-soybean-conditions.md) | -2.5% | -3.2% |
| SBM | 2017-09-14 | [Brazil's New Soybean Planting Season Delayed by Dryness](https://feedsoft.ai/events/68795-brazil-s-new-soybean-planting-season-delayed-by-dryness.md) | +2.0% | +3.6% |

## Sources

- gro-intelligence.com: https://www.gro-intelligence.com/insights/brazil-soybean-planting-slows-as-dry-conditions-spread

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