# Dry weather risk for 2021/22 South American crops: Grain market daily | AHDB

> AHDB notes that the world relies on record South American maize and soybean crops for 2021/22, but dry soils at planting in Brazil already pose a risk from the 2020/21 La Niña. NOAA puts the odds of another La Niña lasting into early 2022 at a meaningful level. USDA also cut US corn rated good to excellent from 62% to 60%.

- Date: 2021-08-24 · published 2021-08-24T12:00:00.000Z
- Category: weather · region South America · magnitude medium
- Page: https://feedsoft.ai/events/45430-dry-weather-risk-for-2021-22-south-american-crops-grain-market-daily-ahdb
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Any South American dryness would threaten the record supplies the market is counting on, supporting corn and soybean prices, while the US crop rating cut adds near-term support.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-03-16 | [Weather woes persist for South American row crops - Grain Central](https://feedsoft.ai/events/47964-weather-woes-persist-for-south-american-row-crops-grain-central.md) | +11.3% | +13.1% |
| CORN | 2020-07-01 | [What do bumper Oz crops mean for your price? Grain Market Daily \| AHDB](https://feedsoft.ai/events/52066-what-do-bumper-oz-crops-mean-for-your-price-grain-market-daily-ahdb.md) | +1.9% | -4.5% |
| CORN | 2022-02-11 | [Soybeans set for 4th weekly gain on South American crop woes - Markets - Business Recorder](https://feedsoft.ai/events/42735-soybeans-set-for-4th-weekly-gain-on-south-american-crop-woes-markets-business.md) | +0.7% | +14.4% |
| CORN | 2021-07-16 | [Prices rally as Russian crop reduces: Grain market daily \| AHDB](https://feedsoft.ai/events/46105-prices-rally-as-russian-crop-reduces-grain-market-daily-ahdb.md) | -0.1% | -1.0% |
| CORN | 2026-02-06 | [South American weather, quality issues could extend rally in grain markets - Brownfield Ag News](https://feedsoft.ai/events/20643-south-american-weather-quality-issues-could-extend-rally-in-grain-markets.md) | -0.7% | +1.6% |
| SOY | 2021-03-16 | [Weather woes persist for South American row crops - Grain Central](https://feedsoft.ai/events/47964-weather-woes-persist-for-south-american-row-crops-grain-central.md) | -0.1% | -2.1% |
| SOY | 2018-01-19 | [GRAIN MARKETS: Soybeans step higher on South American weather](https://feedsoft.ai/events/12099-grain-markets-soybeans-step-higher-on-south-american-weather.md) | +2.0% | +5.3% |
| SOY | 2022-02-11 | [Soybeans set for 4th weekly gain on South American crop woes - Markets - Business Recorder](https://feedsoft.ai/events/42735-soybeans-set-for-4th-weekly-gain-on-south-american-crop-woes-markets-business.md) | +1.1% | +7.4% |

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/dry-weather-risk-for-2021-22-south-american-crops-grain-market-daily

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