# Favourable growing conditions forecast for major ag regions - Grainews

> MarketsFarm reports that forecaster Drew Lerner expects favorable 2020 growing conditions in South America, with Brazil producing a record 124 million tonnes of soybeans and Argentina on track for 23 million tonnes. Australia faces a third year of record dryness in some areas.

- Date: 2020-01-23 · published 2020-01-23T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/54994-favourable-growing-conditions-forecast-for-major-ag-regions-grainews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A record Brazilian soybean crop forecast points to ample supply that would pressure soybean and meal prices, and it reduces the chance that canola or corn buyers gain from South American shortfalls.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- CANMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-04-20 | [Favorable Growing Season Forecast - ProAg](https://feedsoft.ai/events/53482-favorable-growing-season-forecast-proag.md) | -0.0% | +0.7% |
| SOY | 2016-07-14 | [U.S. grains: New forecast ends rallies - Manitoba Co-operator](https://feedsoft.ai/events/4942-u-s-grains-new-forecast-ends-rallies-manitoba-co-operator.md) | -9.0% | -9.8% |
| SOY | 2018-06-15 | [A bad combination for grain prices - Brownfield Ag News](https://feedsoft.ai/events/64552-a-bad-combination-for-grain-prices-brownfield-ag-news.md) | -5.0% | -12.2% |
| SOY | 2016-06-20 | [Corn sags 3 percent as forecast rains trigger long liquidation - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/9745-corn-sags-3-percent-as-forecast-rains-trigger-long-liquidation-agweek-1-source.md) | -4.9% | -7.0% |
| SOY | 2026-06-27 | [Growing conditions pressure crop prices in Ontario, U.S. Midwest](https://feedsoft.ai/events/11705-growing-conditions-pressure-crop-prices-in-ontario-u-s-midwest.md) | +5.0% | +7.3% |
| SBM | 2019-12-19 | [U.S. grains: Soy futures ease on rains in South American forecasts - Grainews](https://feedsoft.ai/events/55628-u-s-grains-soy-futures-ease-on-rains-in-south-american-forecasts-grainews.md) | -1.1% | -0.8% |
| SBM | 2017-12-22 | [Ag Weather Forum: Favorable South America Rain Outlook \| La Niña Ready Nations](https://feedsoft.ai/events/67403-ag-weather-forum-favorable-south-america-rain-outlook-la-nina-ready-nations.md) | -0.5% | +8.1% |
| SBM | 2025-12-04 | [Rain-soaked fields boost yields in some regions, challenge others - Brownfield Ag News](https://feedsoft.ai/events/13037-rain-soaked-fields-boost-yields-in-some-regions-challenge-others-brownfield-ag.md) | -3.1% | -4.9% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/favourable-growing-conditions-forecast-for-major-ag-regions/

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