# Why South America's drought is different this year

> Recent rains in Southern Brazil are helping late-planted soybeans, but damage to early soybeans and summer corn is largely irreversible. Argentina's grain exchange projects losses of 5 million tonnes of soybeans and 8 million tonnes of corn despite rainfall.

- Date: 2022-01-19 · published 2022-01-19T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13750-why-south-america-s-drought-is-different-this-year
- 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

Losses in Argentina and Brazil beyond USDA estimates suggest further downside to South American supply, which supports soybean and corn prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-11-21 | [South America Drought Woes Continue Despite Rain](https://feedsoft.ai/events/13687-south-america-drought-woes-continue-despite-rain.md) | +2.0% | +2.3% |
| SOY | 2022-01-11 | [The heat is on in South America - Grain Central](https://feedsoft.ai/events/43043-the-heat-is-on-in-south-america-grain-central.md) | -1.0% | +14.1% |
| SOY | 2018-03-05 | [South American drought helping to increase local canola prices -](https://feedsoft.ai/events/65972-south-american-drought-helping-to-increase-local-canola-prices.md) | -3.0% | -2.4% |
| SOY | 2020-04-14 | [Dry Season Begins in South America](https://feedsoft.ai/events/53474-dry-season-begins-in-south-america.md) | -3.2% | -0.2% |
| SOY | 2025-09-01 | [South America may trend slightly drier \| World Grain](https://feedsoft.ai/events/22793-south-america-may-trend-slightly-drier-world-grain.md) | -2.2% | -2.5% |
| CORN | 2022-11-21 | [South America Drought Woes Continue Despite Rain](https://feedsoft.ai/events/13687-south-america-drought-woes-continue-despite-rain.md) | -3.5% | -5.6% |
| CORN | 2022-01-11 | [The heat is on in South America - Grain Central](https://feedsoft.ai/events/43043-the-heat-is-on-in-south-america-grain-central.md) | -2.8% | +4.1% |
| CORN | 2020-04-14 | [Dry Season Begins in South America](https://feedsoft.ai/events/53474-dry-season-begins-in-south-america.md) | -3.9% | -4.0% |

## Sources

- farmprogress.com: https://www.farmprogress.com/commentary/why-south-america-s-drought-is-different-this-year

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