# Drought in Southern Brazil while Excess Wetness in Central Brazil

> La Nina has brought drought to Rio Grande do Sul, where 45 municipalities are under a state of emergency and corn has suffered a third year of dryness. Meanwhile, heavy rain is forecast for central Brazil, where Minas Gerais authorities warn of very heavy rain.

- Date: 2023-01-10 · published 2023-01-10T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13675-drought-in-southern-brazil-while-excess-wetness-in-central-brazil
- 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

Losses in southern Brazil corn and soybean production, combined with flooding risk in central Brazil, reduce expected supplies and support feed grain and soymeal prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-12-19 | [Drought hits Brazil corn in key southern state – StoneX](https://feedsoft.ai/events/13681-drought-hits-brazil-corn-in-key-southern-state-stonex.md) | +1.3% | +2.9% |
| CORN | 2022-05-03 | [Drought in Brazil adds to corn conundrum - Grain Central](https://feedsoft.ai/events/13721-drought-in-brazil-adds-to-corn-conundrum-grain-central.md) | +3.6% | +3.0% |
| CORN | 2018-12-04 | [Wet Weather in Central Brazil a Cause for Concern](https://feedsoft.ai/events/61504-wet-weather-in-central-brazil-a-cause-for-concern.md) | +0.5% | +2.6% |
| CORN | 2023-02-17 | [Weather factors in South America: Drought in Argentina and excess rainfall in Brazil weigh on markets](https://feedsoft.ai/events/13669-weather-factors-in-south-america-drought-in-argentina-and-excess-rainfall-in.md) | -1.6% | -4.3% |
| CORN | 2022-01-12 | [Brazil farmers struggle as drought batters southern soy crop](https://feedsoft.ai/events/13746-brazil-farmers-struggle-as-drought-batters-southern-soy-crop.md) | -2.6% | +3.6% |
| SOY | 2018-12-19 | [Heat and Dryness in Southern Brazil](https://feedsoft.ai/events/61424-heat-and-dryness-in-southern-brazil.md) | -4.2% | +0.0% |
| SOY | 2018-12-04 | [Wet Weather in Central Brazil a Cause for Concern](https://feedsoft.ai/events/61504-wet-weather-in-central-brazil-a-cause-for-concern.md) | +1.0% | -0.6% |
| SOY | 2023-02-17 | [Weather factors in South America: Drought in Argentina and excess rainfall in Brazil weigh on markets](https://feedsoft.ai/events/13669-weather-factors-in-south-america-drought-in-argentina-and-excess-rainfall-in.md) | +0.2% | -3.3% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/drought-in-southern-brazil-while-excess-wetness-in-central-brazil/

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