# Brazil soy harvest moves slowly, corn advances despite early-season drought - Markets - Business Recorder

> Datagro said Brazil's soybean harvest had reached 9.1% of area through Feb. 12, less than half the 21.4% of a year earlier and below the 19.7% historical average. Summer corn harvest advanced to 20.6% in Center-South states, but significant losses occurred in Rio Grande do Sul and Santa Catarina from a lack of rain.

- Date: 2021-02-18 · published 2021-02-18T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/48463-brazil-soy-harvest-moves-slowly-corn-advances-despite-early-season-drought
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A slow soybean harvest delays safrinha corn planting and may push it outside the ideal window, tightening export-oriented corn supply and supporting prices. Delayed soy exports also add near-term support to soybean and meal prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-05-03 | [Soybeans, corn head for weekly gains as floods hit Brazil - Markets - Business Recorder](https://feedsoft.ai/events/10963-soybeans-corn-head-for-weekly-gains-as-floods-hit-brazil-markets-business.md) | -0.7% | +3.5% |
| CORN | 2021-03-23 | [CBOT corn climbs on delayed planting in Brazil - Markets - Business Recorder](https://feedsoft.ai/events/5673-cbot-corn-climbs-on-delayed-planting-in-brazil-markets-business-recorder.md) | -0.5% | +3.5% |
| CORN | 2021-03-12 | [Brazil govt concerned about rains disrupting second corn crop - Markets - Business Recorder](https://feedsoft.ai/events/47961-brazil-govt-concerned-about-rains-disrupting-second-corn-crop-markets-business.md) | -9.6% | +2.3% |
| CORN | 2021-07-17 | [Drier US weather to once again test corn, soy health, yields - Markets - Business Recorder](https://feedsoft.ai/events/45916-drier-us-weather-to-once-again-test-corn-soy-health-yields-markets-business.md) | -1.1% | +0.0% |
| CORN | 2019-05-30 | [Middle East Africa Commodities - Markets - Business Recorder](https://feedsoft.ai/events/59174-middle-east-africa-commodities-markets-business-recorder.md) | -0.9% | +6.0% |
| SOY | 2024-05-03 | [Soybeans, corn head for weekly gains as floods hit Brazil - Markets - Business Recorder](https://feedsoft.ai/events/10963-soybeans-corn-head-for-weekly-gains-as-floods-hit-brazil-markets-business.md) | +0.2% | +1.3% |
| SOY | 2021-07-17 | [Drier US weather to once again test corn, soy health, yields - Markets - Business Recorder](https://feedsoft.ai/events/45916-drier-us-weather-to-once-again-test-corn-soy-health-yields-markets-business.md) | -3.7% | -2.1% |
| SOY | 2024-05-06 | [Soybeans ease from 6-week high, but Brazilian crop woes limit downside - Markets - Business Recorder](https://feedsoft.ai/events/11631-soybeans-ease-from-6-week-high-but-brazilian-crop-woes-limit-downside-markets.md) | +0.3% | -1.4% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40065545

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