# South America’s soybean crop in a spot of bother 15.02.2022 - UkrAgroConsult

> Soybean production cuts keep coming in South America as a La Niña event reduces yield prospects in Brazil, Paraguay and Argentina. Paraguay's output may be down as much as 50% after December and January rain shortfalls. USDA cut its Brazil estimate by 5 million tonnes to 134 million tonnes, and China has turned to US soybeans.

- Date: 2022-02-15 · published 2022-02-15T12:00:00.000Z
- Category: weather · region South America · magnitude high
- Page: https://feedsoft.ai/events/14056-south-america-s-soybean-crop-in-a-spot-of-bother-15-02-2022-ukragroconsult
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A second dry year in southern South America reduces export supply and pushes buyers to US origin, supporting Chicago soybean and corn prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-09-19 | [La Nina Weakening for South America 19.09.2022 - UkrAgroConsult](https://feedsoft.ai/events/13703-la-nina-weakening-for-south-america-19-09-2022-ukragroconsult.md) | -1.6% | -4.5% |
| SOY | 2022-02-25 | [Wet Weather Slows Soy Harvest in State of Tocantins in North Brazil 25.02.2022 - UkrAgroConsult](https://feedsoft.ai/events/13743-wet-weather-slows-soy-harvest-in-state-of-tocantins-in-north-brazil-25-02-2022.md) | +1.1% | +2.4% |
| SOY | 2021-12-15 | [2021/22 Brazil Soybeans 96% Planted, Dryness in S. Brazil Worries 15.12.2021 - UkrAgroConsult](https://feedsoft.ai/events/13758-2021-22-brazil-soybeans-96-planted-dryness-in-s-brazil-worries-15-12-2021.md) | +3.9% | +10.5% |
| SOY | 2021-11-22 | [Forecasted Dryer Weather Could Impact Crops in Southern Brazil 22.11.2021 - UkrAgroConsult](https://feedsoft.ai/events/13765-forecasted-dryer-weather-could-impact-crops-in-southern-brazil-22-11-2021.md) | -1.7% | +2.3% |
| 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 | 2022-09-19 | [La Nina Weakening for South America 19.09.2022 - UkrAgroConsult](https://feedsoft.ai/events/13703-la-nina-weakening-for-south-america-19-09-2022-ukragroconsult.md) | +0.0% | +0.2% |
| CORN | 2021-11-22 | [Forecasted Dryer Weather Could Impact Crops in Southern Brazil 22.11.2021 - UkrAgroConsult](https://feedsoft.ai/events/13765-forecasted-dryer-weather-could-impact-crops-in-southern-brazil-22-11-2021.md) | -1.8% | -0.1% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/south-americas-soybean-crop-in-a-spot-of-bother/

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