# La Nina Pattern Continues Through December for South America

> DTN forecasts well-below-normal rainfall for southern South America through late December, with less than 30 mm expected across Argentina's main growing areas and Rio Grande do Sul. Argentina's soybean and corn planting is behind normal, with soybeans 50% planted as of December 15.

- Date: 2022-12-15 · published 2022-12-15T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/38162-la-nina-pattern-continues-through-december-for-south-america
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Dry weather and delayed planting in Argentina and southern Brazil raise the risk of smaller soybean and corn exports, supporting soybean meal, oil and corn prices.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-02-10 | [La Nina Continues to Affect South American Corn and Soybeans](https://feedsoft.ai/events/13744-la-nina-continues-to-affect-south-american-corn-and-soybeans.md) | -0.5% | +6.6% |
| 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 | 2022-07-01 | [La Nina to Continue Through 2022 Growing Season](https://feedsoft.ai/events/40393-la-nina-to-continue-through-2022-growing-season.md) | -2.7% | -2.3% |
| SOY | 2021-01-26 | [Dry Crop Season in South America to Continue](https://feedsoft.ai/events/48975-dry-crop-season-in-south-america-to-continue.md) | +1.6% | +4.7% |
| SOY | 2021-11-18 | [A Return to Normal La Nina Pattern Unfavorable for Argentina, Southern Brazil](https://feedsoft.ai/events/43972-a-return-to-normal-la-nina-pattern-unfavorable-for-argentina-southern-brazil.md) | -0.8% | +0.0% |
| CORN | 2022-02-10 | [La Nina Continues to Affect South American Corn and Soybeans](https://feedsoft.ai/events/13744-la-nina-continues-to-affect-south-american-corn-and-soybeans.md) | -0.0% | +11.8% |
| 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 | 2022-07-01 | [La Nina to Continue Through 2022 Growing Season](https://feedsoft.ai/events/40393-la-nina-to-continue-through-2022-growing-season.md) | +3.4% | -13.7% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2022/12/15/la-nina-pattern-continues-december

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