# Brazil’s Drought: The Trigger that Could Take Corn Prices Higher?

> USDA forecasts a record Brazilian corn crop of 116 million tonnes for 2021/22, but drought is emerging across the safrinha belt after an early end to the South American monsoon linked to La Nina. Mato Grosso is facing its driest April in 17 years, with rainfall expected 70% below average.

- Date: 2022-05-01 · published 2022-05-01T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13731-brazil-s-drought-the-trigger-that-could-take-corn-prices-higher
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Limited safrinha yield potential could reduce Brazil's export supply and support corn prices despite the large USDA estimate.

## Read by commodity

- 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 | 2024-08-23 | [Drought reduces corn yields in Brazil](https://feedsoft.ai/events/13551-drought-reduces-corn-yields-in-brazil.md) | +0.2% | +6.1% |
| CORN | 2022-06-27 | [High Heat Might Push Corn Prices Even Higher](https://feedsoft.ai/events/40956-high-heat-might-push-corn-prices-even-higher.md) | +1.8% | -12.0% |
| CORN | 2018-05-02 | [Brazil drought hits second-corn, dry spell persists](https://feedsoft.ai/events/64859-brazil-drought-hits-second-corn-dry-spell-persists.md) | +1.4% | +1.9% |
| CORN | 2019-10-29 | [Falling Corn Surplus Could Mean Higher Food Prices](https://feedsoft.ai/events/56588-falling-corn-surplus-could-mean-higher-food-prices.md) | +2.7% | +1.1% |

## Sources

- agweb.com: https://www.agweb.com/markets/world-markets/brazils-drought-trigger-could-take-corn-prices-higher

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