# Watching Northwest/North Brazil Second Corn Crop for Drought Risk - Climate Impact Company

> Climate Impact Company flags a new drought risk for the northwest and north Brazil second corn crop, with deep-layer soil moisture deficits increasing. The article also notes a drier six-to-ten-day outlook for the core Argentina drought area, and El Nino may develop later in 2023.

- Date: 2023-01-27 · published 2023-01-27T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13674-watching-northwest-north-brazil-second-corn-crop-for-drought-risk-climate
- 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

Drought in Brazil's second corn belt and Argentina's soybean areas could cut export supplies of corn and soybeans, supporting prices for feed grains and soymeal.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-05-04 | [Global Crop Areas Susceptible to Drought - Climate Impact Company](https://feedsoft.ai/events/46988-global-crop-areas-susceptible-to-drought-climate-impact-company.md) | +1.5% | -5.8% |
| CORN | 2021-09-02 | [Climate Forecast Catalysts to Produce a Wet Spring Forecast for Brazil Are Not Developing - Climate Impact Company](https://feedsoft.ai/events/44990-climate-forecast-catalysts-to-produce-a-wet-spring-forecast-for-brazil-are-not.md) | -3.0% | -5.5% |
| CORN | 2024-07-03 | [Brazil’s Second Corn Crop Slightly Smaller Amid Drought](https://feedsoft.ai/events/13560-brazil-s-second-corn-crop-slightly-smaller-amid-drought.md) | +0.7% | -0.8% |
| CORN | 2020-07-15 | [Climate change may affect second corn crops in Brazil](https://feedsoft.ai/events/51946-climate-change-may-affect-second-corn-crops-in-brazil.md) | -2.3% | -3.2% |
| CORN | 2021-05-13 | [Drought impacting most Brazilian corn farms](https://feedsoft.ai/events/46927-drought-impacting-most-brazilian-corn-farms.md) | -7.7% | -2.2% |
| SOY | 2021-05-04 | [Global Crop Areas Susceptible to Drought - Climate Impact Company](https://feedsoft.ai/events/46988-global-crop-areas-susceptible-to-drought-climate-impact-company.md) | +3.8% | -0.8% |
| SOY | 2021-09-02 | [Climate Forecast Catalysts to Produce a Wet Spring Forecast for Brazil Are Not Developing - Climate Impact Company](https://feedsoft.ai/events/44990-climate-forecast-catalysts-to-produce-a-wet-spring-forecast-for-brazil-are-not.md) | -1.5% | -1.7% |
| SOY | 2024-07-03 | [Brazil’s Second Corn Crop Slightly Smaller Amid Drought](https://feedsoft.ai/events/13560-brazil-s-second-corn-crop-slightly-smaller-amid-drought.md) | -2.0% | -11.7% |

## Sources

- climateimpactcompany.com: https://climateimpactcompany.com/early-ag-market-weather-climate-alert-watching-northwest-north-brazil-second-corn-crop-for-drought-risk-2/

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