# Corn and soybean farmers in Brazil hit by huge losses amid droughts - Fastmarkets

> Rio Grande do Sul's agriculture sector estimates drought losses in soybeans and corn at BRL36.1 billion ($6.6 billion). Soybean losses are put at 48.7% of the crop, with more than 175,000 farmers affected.

- Date: 2022-01-27 · published 2022-01-27T12:00:00.000Z
- Category: weather · region Brazil · magnitude high
- Page: https://feedsoft.ai/events/13748-corn-and-soybean-farmers-in-brazil-hit-by-huge-losses-amid-droughts-fastmarkets
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Nearly half of the state's soybean crop lost represents a major supply shock to Brazilian and global soybean meal and corn supplies, supporting prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-09-21 | [Brazilian farmers begin seeding soybeans amid historic drought](https://feedsoft.ai/events/44919-brazilian-farmers-begin-seeding-soybeans-amid-historic-drought.md) | +2.0% | -3.2% |
| SOY | 2025-01-22 | [CBOT corn and soybean prices surge amid drought in Argentina – ProAgri Media](https://feedsoft.ai/events/11810-cbot-corn-and-soybean-prices-surge-amid-drought-in-argentina-proagri-media.md) | -2.1% | -3.3% |
| SOY | 2023-02-16 | [In Argentina's drought-hit fields, billion dollar losses and farmers going under](https://feedsoft.ai/events/13981-in-argentina-s-drought-hit-fields-billion-dollar-losses-and-farmers-going-under.md) | +0.6% | -2.2% |
| SOY | 2024-11-01 | [Ohio farmers see reduced yields on corn and soybeans from drought](https://feedsoft.ai/events/13138-ohio-farmers-see-reduced-yields-on-corn-and-soybeans-from-drought.md) | +3.4% | +0.7% |
| SOY | 2018-12-26 | [Brazil soy yields impacted by drought in key state, farmers say](https://feedsoft.ai/events/61418-brazil-soy-yields-impacted-by-drought-in-key-state-farmers-say.md) | +1.2% | +3.6% |
| SBM | 2021-09-21 | [Brazilian farmers begin seeding soybeans amid historic drought](https://feedsoft.ai/events/44919-brazilian-farmers-begin-seeding-soybeans-amid-historic-drought.md) | +0.2% | -4.5% |
| SBM | 2023-02-16 | [In Argentina's drought-hit fields, billion dollar losses and farmers going under](https://feedsoft.ai/events/13981-in-argentina-s-drought-hit-fields-billion-dollar-losses-and-farmers-going-under.md) | +0.0% | -2.9% |
| SBM | 2018-12-26 | [Brazil soy yields impacted by drought in key state, farmers say](https://feedsoft.ai/events/61418-brazil-soy-yields-impacted-by-drought-in-key-state-farmers-say.md) | +1.1% | +1.6% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/corn-and-soybean-farmers-in-brazil-hit-by-huge-losses-amid-droughts/

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