# This week in grains, oilseeds, oils & animal nutrition - Expana

> Severe floods in Rio Grande do Sul, Brazil's second-largest soybean state, have halted the remaining harvest after 76% was completed by early May. The region's entire rice crop was washed away and about 5% of its corn could not be harvested.

- Date: 2024-05-24 · published 2024-05-24T12:00:00.000Z
- Category: weather · region Brazil · magnitude high
- Page: https://feedsoft.ai/events/30377-this-week-in-grains-oilseeds-oils-and-animal-nutrition-expana
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Lost soybean output in a major exporting state tightens supply for soybean meal and oil, and Brazil may need to import rice, supporting prices across the vegetable oil and feed complex.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-01-13 | [Grains Weekly Analysis](https://feedsoft.ai/events/49003-grains-weekly-analysis.md) | -3.7% | -4.8% |
| SOY | 2024-01-26 | [Grains and oilseeds: analysts caught out by weather - Mundus Agri](https://feedsoft.ai/events/32069-grains-and-oilseeds-analysts-caught-out-by-weather-mundus-agri.md) | -1.6% | -7.4% |
| SOY | 2019-09-16 | [Grains, oilseeds up, watching weather - Brownfield Ag News](https://feedsoft.ai/events/9442-grains-oilseeds-up-watching-weather-brownfield-ag-news.md) | -0.2% | +5.8% |
| SOY | 2020-08-15 | [Bearish August WASDE and a small rally — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/10687-bearish-august-wasde-and-a-small-rally-this-week-in-the-grain-markets.md) | -0.3% | +12.8% |
| SOY | 2023-06-29 | [ISA Experts Weigh In On The State Of Crop Conditions](https://feedsoft.ai/events/13274-isa-experts-weigh-in-on-the-state-of-crop-conditions.md) | +5.2% | +5.6% |
| SBM | 2024-01-26 | [Grains and oilseeds: analysts caught out by weather - Mundus Agri](https://feedsoft.ai/events/32069-grains-and-oilseeds-analysts-caught-out-by-weather-mundus-agri.md) | +0.7% | -6.3% |
| SBM | 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) | +2.9% | +6.0% |
| SBM | 2025-08-22 | [What are the prospects for grain production in Argentina?](https://feedsoft.ai/events/13838-what-are-the-prospects-for-grain-production-in-argentina.md) | -2.8% | -4.4% |

## Sources

- expanamarkets.com: https://www.expanamarkets.com/insights/article/this-week-in-grains-oilseeds-oils-animal-nutrition/

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