# El Nino should benefit South American crops | The Western Producer

> An analyst said El Nino should benefit South American crops after three years of La Nina, especially in Argentina, which is recovering from its worst drought in 60 years. NOAA gave a 95% chance the event lasts through February and a 66% chance it is strong.

- Date: 2023-08-31 · published 2023-08-31T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13634-el-nino-should-benefit-south-american-crops-the-western-producer
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Expected South American crop recovery would add export supply and ease tightness in corn and soybeans, which is bearish for prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-08-25 | [El Nino Favors South American Soy Crop; Northern Brazil Outlook Less Rosy](https://feedsoft.ai/events/13635-el-nino-favors-south-american-soy-crop-northern-brazil-outlook-less-rosy.md) | -0.4% | -5.1% |
| SOY | 2018-09-21 | [Sunflowers look good overall, bumper crops for some \| The Western Producer](https://feedsoft.ai/events/63153-sunflowers-look-good-overall-bumper-crops-for-some-the-western-producer.md) | +0.6% | +1.6% |
| SOY | 2021-11-04 | [La Nina not expected to hurt Brazilian corn \| The Western Producer](https://feedsoft.ai/events/13762-la-nina-not-expected-to-hurt-brazilian-corn-the-western-producer.md) | -2.3% | +1.0% |
| SOY | 2019-11-19 | [An Early Look at South American Crops](https://feedsoft.ai/events/55874-an-early-look-at-south-american-crops.md) | -2.0% | +2.0% |
| SOY | 2022-11-21 | [South American crops projected to hit record highs and lows - Brownfield Ag News](https://feedsoft.ai/events/38579-south-american-crops-projected-to-hit-record-highs-and-lows-brownfield-ag-news.md) | +2.0% | +2.3% |
| CORN | 2025-04-09 | [Roundup of the world’s spring crop weather \| The Western Producer](https://feedsoft.ai/events/25026-roundup-of-the-world-s-spring-crop-weather-the-western-producer.md) | +3.4% | -2.3% |
| CORN | 2021-11-04 | [La Nina not expected to hurt Brazilian corn \| The Western Producer](https://feedsoft.ai/events/13762-la-nina-not-expected-to-hurt-brazilian-corn-the-western-producer.md) | +3.7% | +0.1% |
| CORN | 2019-11-19 | [An Early Look at South American Crops](https://feedsoft.ai/events/55874-an-early-look-at-south-american-crops.md) | +0.6% | +2.5% |

## Sources

- producer.com: https://www.producer.com/news/el-nino-should-benefit-south-american-crops/

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