# Ongoing drought in Brazil, Argentina threatens crucial crop harvests - UPI.com

> AccuWeather reports that March rainfall was well below normal across southern Brazil, including Rio Grande do Sul and Santa Catarina, with some cities receiving 35% or less of normal. Northern Argentina recorded 30% to 65% of normal rain, and heat has stressed corn and soybean crops, reducing yield prospects.

- Date: 2020-03-31 · published 2020-03-31T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/53981-ongoing-drought-in-brazil-argentina-threatens-crucial-crop-harvests-upi-com
- 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

Drought and heat in key South American growing areas cut expected corn and soybean output, which tightens export supply and supports prices for feed grains and soymeal. The impact depends on how much of the crop is already set.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-01-09 | [Brazil, Argentina Crop Weather Update](https://feedsoft.ai/events/61025-brazil-argentina-crop-weather-update.md) | -1.5% | +0.6% |
| CORN | 2025-01-01 | [A Dual Threat: Potential Excessive Rain in Brazil and Dryness in Argentina](https://feedsoft.ai/events/13529-a-dual-threat-potential-excessive-rain-in-brazil-and-dryness-in-argentina.md) | -0.5% | +5.7% |
| CORN | 2018-02-28 | [Prolonged drought wrecking soybean and corn crops, threatens Argentina's growth — MercoPress](https://feedsoft.ai/events/66345-prolonged-drought-wrecking-soybean-and-corn-crops-threatens-argentina-s-growth.md) | +1.6% | +2.1% |
| CORN | 2017-01-17 | [Flooding threatens Argentina's crops - Brownfield Ag News](https://feedsoft.ai/events/72844-flooding-threatens-argentina-s-crops-brownfield-ag-news.md) | +2.6% | +3.6% |
| CORN | 2025-02-03 | [‘It won’t come back’: Argentina farmers battle drought and a shrinking harvest \| Reuters](https://feedsoft.ai/events/13878-it-won-t-come-back-argentina-farmers-battle-drought-and-a-shrinking-harvest.md) | +0.6% | -3.9% |
| SOY | 2023-03-15 | [Argentine soy processing in crisis as drought threatens harvest -industry group](https://feedsoft.ai/events/13976-argentine-soy-processing-in-crisis-as-drought-threatens-harvest-industry-group.md) | -2.2% | +0.3% |
| SOY | 2017-04-12 | [Flooding In Argentina May Delay Soy Crop Harvesting \| Investing.com](https://feedsoft.ai/events/71348-flooding-in-argentina-may-delay-soy-crop-harvesting-investing-com.md) | +1.2% | +2.4% |
| SOY | 2019-01-09 | [Brazil, Argentina Crop Weather Update](https://feedsoft.ai/events/61025-brazil-argentina-crop-weather-update.md) | -1.4% | +1.7% |

## Sources

- upi.com: https://www.upi.com/Top_News/World-News/2020/03/31/Ongoing-drought-in-Brazil-Argentina-threatens-crucial-crop-harvests/3001585681277/

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