Brazil on drought alert, faces worst dry spell in 91 years

After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.

• Jun 9, 2021Brazil Declares First Drought Alert in a Century: Weighs on Crop Production-1.4%
• Aug 23, 2024Drought reduces corn yields in Brazil+0.2%
• May 2, 2018Brazil drought hits second-corn, dry spell persists+1.4%
• May 30, 2023Dry Weather Worries Corn Farmers in Southern Brazil-3.8%
• Feb 17, 2023Weather factors in South America: Drought in Argentina and excess rainfall in Brazil weigh on markets-1.6%

After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% over 20.

• Jan 8, 2025Dry Spell Puts Southern Brazil Soy Farmers on Alert as Rains Pound Central Regions+0.9%
• Sep 15, 2025La Niña looms over Brazil, raising fears of drought in the South-1.4%
• Dec 26, 2018Brazil soy yields impacted by drought in key state, farmers say+1.1%
• Jan 17, 2022Brazil’s Drought Reduces Grain Harvest Forecasts-9.7%
• Jan 10, 2023Drought in Southern Brazil while Excess Wetness in Central Brazil+2.5%

After 20 past neutral weather events, Live Cattle moved a median +0.4% over 5 sessions (60% higher; middle half -0.3% to +1.2%), and +3.0% over 20.

• Mar 18, 2019Here’s One Way Satellite Observations Can Alert Farmers and Ranchers to Impending Flash Droughts | NESDIS | National Environmental Satellite, Data, and Information Service-0.2%
• May 26, 2022Input Prices, Drought Impacting Cattle Markets-0.2%
• Nov 30, 2022Western Snow Season 2022-23 Preview: A Look at Water Supplies and the Winter Outlook in 10 Maps | November 30, 2022 | Drought.gov-0.3%
• Oct 18, 2022California-Nevada Drought Status Update | October 18, 2022 | Drought.gov+2.3%
• Aug 7, 2023El Niño: Anticipatory Action and Response Plan, August-December 2023 - Mitigating the expected impacts of El Niño-induced climate extremes on agriculture and food security - World | ReliefWeb+0.4%