# La Nina Weakening for South America 19.09.2022 - UkrAgroConsult

> A third consecutive La Niña is developing for the 2022/23 South American season, typically bringing hot, dry conditions to Argentina and southern Brazil. Southern Brazil has so far seen good rain and soil moisture, while Argentina has had a cold, dry winter with frost damage to winter wheat and delayed corn planting.

- Date: 2022-09-19 · published 2022-09-19T12:00:00.000Z
- Category: weather · region South America · magnitude medium
- Page: https://feedsoft.ai/events/13703-la-nina-weakening-for-south-america-19-09-2022-ukragroconsult
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

La Niña increases the risk of drought in Argentina and southern Brazil, which could limit soybean and corn supply and support prices. Current benign conditions in southern Brazil limit near-term upside.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-02-15 | [South America’s soybean crop in a spot of bother 15.02.2022 - UkrAgroConsult](https://feedsoft.ai/events/14056-south-america-s-soybean-crop-in-a-spot-of-bother-15-02-2022-ukragroconsult.md) | +4.1% | +5.7% |
| SOY | 2022-01-27 | [South American drought likely to fuel US soybean demand in 2022 27.01.2022 - UkrAgroConsult](https://feedsoft.ai/events/43186-south-american-drought-likely-to-fuel-us-soybean-demand-in-2022-27-01-2022.md) | +7.3% | +15.4% |
| SOY | 2022-07-27 | [North American Grain and Oilseed Review: A round of gains for canola 27.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/40454-north-american-grain-and-oilseed-review-a-round-of-gains-for-canola-27-07-2022.md) | +2.4% | +2.2% |
| SOY | 2022-12-15 | [La Nina Pattern Continues Through December for South America](https://feedsoft.ai/events/38162-la-nina-pattern-continues-through-december-for-south-america.md) | -0.1% | +3.8% |
| SOY | 2022-09-27 | [Agriculture Weather Watch: No Respite For Argentinian Wheat Despite Rain Forecast 27.09.2022 - UkrAgroConsult](https://feedsoft.ai/events/39523-agriculture-weather-watch-no-respite-for-argentinian-wheat-despite-rain.md) | -2.6% | -2.8% |
| CORN | 2022-02-15 | [South America’s soybean crop in a spot of bother 15.02.2022 - UkrAgroConsult](https://feedsoft.ai/events/14056-south-america-s-soybean-crop-in-a-spot-of-bother-15-02-2022-ukragroconsult.md) | +1.4% | +13.6% |
| CORN | 2022-10-28 | [Big Picture in S. America – Soybeans Maybe OK, Corn Maybe Not 28.10.2022 - UkrAgroConsult](https://feedsoft.ai/events/13690-big-picture-in-s-america-soybeans-maybe-ok-corn-maybe-not-28-10-2022.md) | -2.5% | -2.0% |
| CORN | 2022-09-23 | [Wet Weather Slows First Corn Planting in Parana, Brazil 23.09.2022 - UkrAgroConsult](https://feedsoft.ai/events/13702-wet-weather-slows-first-corn-planting-in-parana-brazil-23-09-2022-ukragroconsult.md) | -3.1% | +1.5% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/la-nina-weakening-for-south-america/

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