# Brazil’s Drought Reduces Grain Harvest Forecasts

> Drought in southern Brazil has cut grain forecasts by 6.7 million tonnes from December estimates, with 6.6 million tonnes in soybeans and corn. Conab cut Parana's soybean forecast by 10.9% and its first corn crop by 35.5%.

- Date: 2022-01-17 · published 2022-01-17T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13749-brazil-s-drought-reduces-grain-harvest-forecasts
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Downward revisions from the national crop agency reduce Brazilian export availability, supporting soybean and corn prices and the cost of feed ingredients.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-12-11 | [Brazil reduces estimates for grain harvest amid extreme weather events](https://feedsoft.ai/events/13603-brazil-reduces-estimates-for-grain-harvest-amid-extreme-weather-events.md) | +0.9% | -4.8% |
| SOY | 2022-02-28 | [Soybean Prices Rise as South American Drought Reduces Harvest \| Feed & Grain](https://feedsoft.ai/events/14055-soybean-prices-rise-as-south-american-drought-reduces-harvest-feed-and-grain.md) | +5.4% | +7.5% |
| SOY | 2022-02-25 | [Soybean Prices Rise as Drought in South America Reduces Harvest - farmdoc daily](https://feedsoft.ai/events/42625-soybean-prices-rise-as-drought-in-south-america-reduces-harvest-farmdoc-daily.md) | +1.1% | +2.4% |
| SOY | 2023-12-26 | [Brazil Forecasts Push Grain Markets Higher \| Tuesday, December 26, 2023](https://feedsoft.ai/events/11280-brazil-forecasts-push-grain-markets-higher-tuesday-december-26-2023.md) | -2.0% | -4.6% |
| SOY | 2020-03-16 | [AgRural reduces soybean forecast for 19/20 crop due to drought in Rio Grande do Sul - DatamarNews](https://feedsoft.ai/events/53980-agrural-reduces-soybean-forecast-for-19-20-crop-due-to-drought-in-rio-grande-do.md) | +1.9% | +0.9% |
| CORN | 2023-12-11 | [Brazil reduces estimates for grain harvest amid extreme weather events](https://feedsoft.ai/events/13603-brazil-reduces-estimates-for-grain-harvest-amid-extreme-weather-events.md) | +1.0% | -0.7% |
| CORN | 2022-02-28 | [Soybean Prices Rise as South American Drought Reduces Harvest \| Feed & Grain](https://feedsoft.ai/events/14055-soybean-prices-rise-as-south-american-drought-reduces-harvest-feed-and-grain.md) | +10.4% | +14.4% |
| 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% |

## Sources

- bloomberglinea.com: https://www.bloomberglinea.com/2022/01/17/brazils-drought-reduces-grain-harvest-forecasts/

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