# Drought affects crops in Rio Grande do Sul

> Drought in Rio Grande do Sul has cut the state's 2022/23 soybean estimate by 31.1% to 14.2 million tonnes, according to Emater/RS. The summer corn estimate fell 41% to 3.6 million tonnes, and total state output is now 26.9% below the initial forecast.

- Date: 2023-03-08 · published 2023-03-08T12:00:00.000Z
- Category: weather · region Brazil · magnitude high
- Page: https://feedsoft.ai/events/13658-drought-affects-crops-in-rio-grande-do-sul
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

The losses remove a large volume of corn and soybean supply from the Brazilian market, which supports prices for corn and soybean meal used in feed. Brazil's export availability is tighter as a result.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-12-16 | [Featured \| Dry weather affects Rio Grande do Sul's crop](https://feedsoft.ai/events/13756-featured-dry-weather-affects-rio-grande-do-sul-s-crop.md) | -2.7% | +0.4% |
| CORN | 2021-04-13 | [Drought in Plains a Concern for U.S. Corn and Soy Crops](https://feedsoft.ai/events/47437-drought-in-plains-a-concern-for-u-s-corn-and-soy-crops.md) | +1.5% | +23.9% |
| CORN | 2018-03-05 | [Argentina drought bakes crops, sparks grain price rally](https://feedsoft.ai/events/65847-argentina-drought-bakes-crops-sparks-grain-price-rally.md) | +1.0% | +5.4% |
| CORN | 2025-12-05 | [Dry Conditions Slow Crop Planting and Development in Rio Grande do Sul's 2025/26 Season \| Tridge Insights](https://feedsoft.ai/events/13458-dry-conditions-slow-crop-planting-and-development-in-rio-grande-do-sul-s-2025.md) | -0.4% | -0.0% |
| CORN | 2023-04-06 | [Brazil: Rains at the end of March collaborated with the soybean crop in Rio Grande do Sul](https://feedsoft.ai/events/13657-brazil-rains-at-the-end-of-march-collaborated-with-the-soybean-crop-in-rio.md) | -0.4% | -2.0% |
| SOY | 2021-12-16 | [Featured \| Dry weather affects Rio Grande do Sul's crop](https://feedsoft.ai/events/13756-featured-dry-weather-affects-rio-grande-do-sul-s-crop.md) | +5.2% | +8.1% |
| SOY | 2025-03-12 | [Drought shrinks soybean crops, wiping R$13bn from Rio Grande do Sul economy](https://feedsoft.ai/events/13510-drought-shrinks-soybean-crops-wiping-r-13bn-from-rio-grande-do-sul-economy.md) | +1.5% | -0.5% |
| SOY | 2020-03-16 | [AgRural reduces soybean forecast for 19/20 crop due to drought in Rio Grande do Sul - DatamarNews](https://feedsoft.ai/events/53980-agrural-reduces-soybean-forecast-for-19-20-crop-due-to-drought-in-rio-grande-do.md) | +1.9% | +0.9% |

## Sources

- valorinternational.globo.com: https://valorinternational.globo.com/agribusiness/news/2023/03/07/drought-affects-crops-in-rio-grande-do-sul.ghtml

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