# Persistent La Niña Conditions Aggravate Crop Losses

> Moody's reports that persistent La Niña drought in southern Brazil caused harvest failures in soybean, first-season corn and wheat in 2021-22. It cut Brazil's first-quarter 2022 agricultural GDP by 8%, and forecasts suggest La Niña will continue into 2023.

- Date: 2022-11-21 · published 2022-11-21T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/38577-persistent-la-nina-conditions-aggravate-crop-losses
- 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

Another poor southern Brazil crop would tighten soybean and corn export supplies, supporting meal and feed grain prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-01-09 | [US forecaster says La Nina conditions present, could persist through Feb-April](https://feedsoft.ai/events/13886-us-forecaster-says-la-nina-conditions-present-could-persist-through-feb-april.md) | +5.6% | +7.4% |
| SOY | 2022-01-14 | [La Niña Conditions Likely to Continue into Spring - AgWeb](https://feedsoft.ai/events/43037-la-nina-conditions-likely-to-continue-into-spring-agweb.md) | +3.6% | +15.9% |
| 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% |
| SOY | 2020-08-27 | [WMO Update: 60 percent chance of La Niña](https://feedsoft.ai/events/51517-wmo-update-60-percent-chance-of-la-nina.md) | +4.7% | +8.8% |
| SOY | 2021-03-09 | [Dry conditions covering most of Iowa expected to persist](https://feedsoft.ai/events/47953-dry-conditions-covering-most-of-iowa-expected-to-persist.md) | -1.3% | -1.3% |
| CORN | 2025-01-09 | [US forecaster says La Nina conditions present, could persist through Feb-April](https://feedsoft.ai/events/13886-us-forecaster-says-la-nina-conditions-present-could-persist-through-feb-april.md) | +4.1% | +5.7% |
| CORN | 2022-01-14 | [La Niña Conditions Likely to Continue into Spring - AgWeb](https://feedsoft.ai/events/43037-la-nina-conditions-likely-to-continue-into-spring-agweb.md) | -0.1% | +6.0% |
| CORN | 2022-06-08 | [Stubborn La Niña persists](https://feedsoft.ai/events/40858-stubborn-la-nina-persists.md) | -1.5% | -0.6% |

## Sources

- moodys.com: https://www.moodys.com/web/en/us/insights/insurance/persistent-la-nina-conditions-aggravate-drought-associated-crop-losses-in-southern-brazil-in-2021-22.html

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