# Brazil Soybeans Benefit from Rain North, Hurt by Dryness Far South

> Brazil's weather is splitting, with improving rain in central and northern soybean areas and drier conditions in the far south. The 2022/23 soybean crop was about 96-97% planted, with Mato Grosso do Sul and Parana crops rated mostly good. Some dryer pockets in Mato Grosso may see disappointing yields.

- Date: 2022-12-26 · published 2022-12-26T12:00:00.000Z
- Category: weather · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/13679-brazil-soybeans-benefit-from-rain-north-hurt-by-dryness-far-south
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Favorable rain in the main producing states supports expectations for a large Brazilian soybean crop, which tends to weigh on soybean meal prices. Dryness in Rio Grande do Sul is a localized offset.

## Read by commodity

- SBM: neutral
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-01-18 | [Have Brazilian soybean estimates slipped too far from reality?](https://feedsoft.ai/events/13595-have-brazilian-soybean-estimates-slipped-too-far-from-reality.md) | +2.9% | -2.9% |
| SOY | 2022-12-12 | [Brazil producers hope for rain as soybean planting nears end](https://feedsoft.ai/events/13678-brazil-producers-hope-for-rain-as-soybean-planting-nears-end.md) | -0.3% | +1.8% |
| SOY | 2020-02-25 | [Dryness worsens in the South as Brazil’s soy harvest reaches 31% – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/54462-dryness-worsens-in-the-south-as-brazil-s-soy-harvest-reaches-31-ohio-ag-net.md) | +1.9% | +1.1% |
| SOY | 2019-12-26 | [Brazil Corn and Soybeans Developing Nicely \| Red River Farm Network](https://feedsoft.ai/events/55420-brazil-corn-and-soybeans-developing-nicely-red-river-farm-network.md) | +0.8% | -3.7% |
| SOY | 2018-01-26 | [Daily rains slow Brazil’s early bean harvest](https://feedsoft.ai/events/66830-daily-rains-slow-brazil-s-early-bean-harvest.md) | -0.7% | +4.4% |
| SBM | 2024-01-18 | [Have Brazilian soybean estimates slipped too far from reality?](https://feedsoft.ai/events/13595-have-brazilian-soybean-estimates-slipped-too-far-from-reality.md) | +1.1% | -3.7% |
| SBM | 2018-01-26 | [Daily rains slow Brazil’s early bean harvest](https://feedsoft.ai/events/66830-daily-rains-slow-brazil-s-early-bean-harvest.md) | -1.9% | +10.3% |
| SBM | 2022-12-26 | [Dry Conditions Slow Soybean Planting in Rio Grande do Sul, Brazil](https://feedsoft.ai/events/13684-dry-conditions-slow-soybean-planting-in-rio-grande-do-sul-brazil.md) | +5.7% | +2.5% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/brazil-soybeans-benefit-from-rain-north-hurt-by-dryness-far-south/

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