# Brazil producers hope for rain as soybean planting nears end

> Brazil's 2022/23 soybean planting reached 95% of estimated area, slightly below last year, according to AgRural. Dry, hot weather in Rio Grande do Sul is affecting the state's first corn crop, though no severe losses have been recorded yet. Conab expects soybean output of 153.48 million tonnes and corn output of 125.83 million tonnes.

- Date: 2022-12-12 · published 2022-12-12T12:00:00.000Z
- Category: weather · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/13678-brazil-producers-hope-for-rain-as-soybean-planting-nears-end
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Rio Grande do Sul dryness threatens local corn yields, which could tighten feed corn supplies from Brazil. Rain forecasts for the wider centre-south limit the upside risk to prices.

## Read by commodity

- SOY: neutral
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-10-19 | [El Nino worries Brazil soy farmers as planting progresses, grain lobby says \| Reuters](https://feedsoft.ai/events/13617-el-nino-worries-brazil-soy-farmers-as-planting-progresses-grain-lobby-says.md) | +1.0% | -2.6% |
| CORN | 2019-11-12 | [More regular rains take Brazil’s soybean planting to 58% – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/55903-more-regular-rains-take-brazil-s-soybean-planting-to-58-ohio-ag-net-ohio-s.md) | -0.5% | -2.9% |
| CORN | 2017-05-19 | [Grain, Soybean Futures Find Footing After Brazil Rout \| Fox Business](https://feedsoft.ai/events/7587-grain-soybean-futures-find-footing-after-brazil-rout-fox-business.md) | +1.3% | +2.6% |
| CORN | 2023-11-27 | [Brazil soy planting seen at slowest pace in eight years -AgRural – Reuters - AgRural](https://feedsoft.ai/events/13611-brazil-soy-planting-seen-at-slowest-pace-in-eight-years-agrural-reuters-agrural.md) | -0.8% | +0.4% |
| CORN | 2023-11-20 | [Brazilian soybean crop faces problems, and replanting could cut future corn area](https://feedsoft.ai/events/13613-brazilian-soybean-crop-faces-problems-and-replanting-could-cut-future-corn-area.md) | -2.1% | +0.7% |
| SOY | 2021-08-27 | [Potential Brazil corn and soybean production in 2021/22](https://feedsoft.ai/events/45432-potential-brazil-corn-and-soybean-production-in-2021-22.md) | -6.5% | -6.0% |
| SOY | 2021-09-22 | [Early 2021/22 soybean planting underway in Brazil 22.09.2021 - UkrAgroConsult](https://feedsoft.ai/events/44915-early-2021-22-soybean-planting-underway-in-brazil-22-09-2021-ukragroconsult.md) | +0.2% | -3.6% |
| SOY | 2026-04-12 | [Brazil Soybean Harvest Nears Completion \| Red River Farm Network](https://feedsoft.ai/events/13442-brazil-soybean-harvest-nears-completion-red-river-farm-network.md) | -0.7% | +1.6% |

## Sources

- agriculture.com: https://www.agriculture.com/markets/newswire/brazil-producers-hope-for-rain-as-soybean-planting-nears-end

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