# South American crops projected to hit record highs and lows - Brownfield Ag News

> Brownfield reports that Brazil could post a record harvest above 300 million tons if weather cooperates, up 15% from last season. Argentina's wheat crop is projected at about 50% below last year because of drought and frost, the lowest in seven years.

- Date: 2022-11-21 · published 2022-11-21T12:00:00.000Z
- Category: weather · region South America · magnitude medium
- Page: https://feedsoft.ai/events/38579-south-american-crops-projected-to-hit-record-highs-and-lows-brownfield-ag-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A record Brazilian crop would add export supply, while Argentina's wheat shortfall would lift import demand and support wheat prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-05-19 | [Demand props up soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/10223-demand-props-up-soybeans-corn-brownfield-ag-news.md) | +3.0% | +2.4% |
| WHEAT | 2021-06-29 | [Extreme heat wallops wheat and canola crops, pushing prices to record highs \| CBC News](https://feedsoft.ai/events/46626-extreme-heat-wallops-wheat-and-canola-crops-pushing-prices-to-record-highs-cbc.md) | -1.2% | -4.3% |
| WHEAT | 2024-12-05 | [Wheat prices higher amid Russian quality concerns - Brownfield Ag News](https://feedsoft.ai/events/27013-wheat-prices-higher-amid-russian-quality-concerns-brownfield-ag-news.md) | +1.1% | +1.9% |
| WHEAT | 2017-06-07 | [Corn, soybeans higher on weather concerns - Brownfield Ag News](https://feedsoft.ai/events/70428-corn-soybeans-higher-on-weather-concerns-brownfield-ag-news.md) | -0.9% | +1.9% |
| WHEAT | 2022-12-07 | [Soybeans, meal extend gains, with corn, wheat higher - Brownfield Ag News](https://feedsoft.ai/events/38367-soybeans-meal-extend-gains-with-corn-wheat-higher-brownfield-ag-news.md) | +10.0% | +8.7% |
| SOY | 2016-12-29 | [Better than expected South America growing season - Brownfield Ag News](https://feedsoft.ai/events/73401-better-than-expected-south-america-growing-season-brownfield-ag-news.md) | -0.3% | +4.2% |
| SOY | 2021-12-13 | [Soybeans, corn down after rain in South America - Brownfield Ag News](https://feedsoft.ai/events/9262-soybeans-corn-down-after-rain-in-south-america-brownfield-ag-news.md) | +1.4% | +8.4% |
| SOY | 2025-10-22 | [Favorable weather accelerates South American soybean and corn planting - Brownfield Ag News](https://feedsoft.ai/events/13470-favorable-weather-accelerates-south-american-soybean-and-corn-planting.md) | +4.6% | +11.9% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/south-american-crops-projected-to-hit-record-highs-and-lows/

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