# How Brazil’s weather woes could boost U.S. farm incomes

> Hot, dry conditions in Brazil's Center West have delayed the start of the rainy season and soybean planting. Brazil had planted less than 3% of its expected soybean acreage, and Mato Grosso was about 15% behind its usual pace, with some early seedings possibly needing replanting. Brazil's late planting could limit its early-2021 soybean exports to China and lift demand for U.S. beans.

- Date: 2020-10-14 · published 2020-10-14T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/50485-how-brazil-s-weather-woes-could-boost-u-s-farm-incomes
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A slow Brazilian planting season tightens the outlook for early-2021 export supply, which supports U.S. soybean demand and prices. A late second-crop corn planting window also adds some upside risk for corn.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-12-01 | [Dry Weather in Key Crop Shipper Brazil Has Farmers Ripping Up Crops](https://feedsoft.ai/events/13609-dry-weather-in-key-crop-shipper-brazil-has-farmers-ripping-up-crops.md) | -2.3% | -3.7% |
| SOY | 2024-02-05 | [Showers Could Slow Harvest in Central Brazil](https://feedsoft.ai/events/13591-showers-could-slow-harvest-in-central-brazil.md) | -0.4% | -3.5% |
| SOY | 2020-11-28 | [Dry weather in Brazil could extend enthusiasm in corn, bean markets - Renewable Farming](https://feedsoft.ai/events/50002-dry-weather-in-brazil-could-extend-enthusiasm-in-corn-bean-markets-renewable.md) | -2.4% | +5.3% |
| SOY | 2018-12-04 | [Wet Weather in Central Brazil a Cause for Concern](https://feedsoft.ai/events/61504-wet-weather-in-central-brazil-a-cause-for-concern.md) | +1.0% | -0.6% |
| SOY | 2023-04-20 | [El Niño could bring severe weather, impacting U.S. grain \| Feed & Grain](https://feedsoft.ai/events/36315-el-nino-could-bring-severe-weather-impacting-u-s-grain-feed-and-grain.md) | -4.7% | -11.3% |
| CORN | 2023-05-30 | [Dry Weather Worries Corn Farmers in Southern Brazil](https://feedsoft.ai/events/13646-dry-weather-worries-corn-farmers-in-southern-brazil.md) | -3.8% | +0.4% |
| CORN | 2023-12-01 | [Dry Weather in Key Crop Shipper Brazil Has Farmers Ripping Up Crops](https://feedsoft.ai/events/13609-dry-weather-in-key-crop-shipper-brazil-has-farmers-ripping-up-crops.md) | +2.4% | +3.9% |
| CORN | 2020-05-05 | [Brazil's corn farmers face scarce rains, losses: weather forecasters](https://feedsoft.ai/events/52956-brazil-s-corn-farmers-face-scarce-rains-losses-weather-forecasters.md) | +0.1% | +1.4% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/how-brazil-s-weather-woes-could-boost-u-s-farm-incomes

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