# Brazil Corn and Soybeans Developing Nicely | Red River Farm Network

> INTL consultant Kory Melby reports Brazil's soybean fields look strong despite planting running two to three weeks late. Replanted fields ran short of time for second-crop corn, and spot old-crop corn prices in Brazil are very high.

- Date: 2019-12-26 · published 2019-12-26T12:00:00.000Z
- Category: weather · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/55420-brazil-corn-and-soybeans-developing-nicely-red-river-farm-network
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

High Brazilian spot corn prices and the late-planting squeeze on safrinha acreage point to tighter corn supply and firmer feed prices into 2020, while the good soybean crop limits upside for soy.

## Read by commodity

- SOY: neutral
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-05-09 | [El Nino and La Nina \| Red River Farm Network](https://feedsoft.ai/events/30153-el-nino-and-la-nina-red-river-farm-network.md) | +2.7% | +0.5% |
| CORN | 2021-12-16 | [Cordonnier: A Split Decision \| Red River Farm Network](https://feedsoft.ai/events/13760-cordonnier-a-split-decision-red-river-farm-network.md) | -2.7% | +0.4% |
| CORN | 2019-05-31 | [The Start of a Corn Market Rally \| Red River Farm Network](https://feedsoft.ai/events/59125-the-start-of-a-corn-market-rally-red-river-farm-network.md) | -2.5% | +3.0% |
| CORN | 2022-07-31 | [It’s a Late Crop \| Red River Farm Network](https://feedsoft.ai/events/40513-it-s-a-late-crop-red-river-farm-network.md) | +3.1% | +4.2% |
| CORN | 2020-06-19 | [Grain Traders Monitoring Rainfall Across Corn Belt \| Red River Farm Network](https://feedsoft.ai/events/52460-grain-traders-monitoring-rainfall-across-corn-belt-red-river-farm-network.md) | -2.4% | -0.2% |
| SOY | 2018-09-27 | [Spotty Corn and Soybean Yields \| Red River Farm Network](https://feedsoft.ai/events/62878-spotty-corn-and-soybean-yields-red-river-farm-network.md) | +1.4% | +0.0% |
| SOY | 2026-04-12 | [Brazil Soybean Harvest Nears Completion \| Red River Farm Network](https://feedsoft.ai/events/13442-brazil-soybean-harvest-nears-completion-red-river-farm-network.md) | -0.7% | +1.6% |
| SOY | 2022-01-12 | [Drought Took the Top End Off Corn and Soybean Yields \| Red River Farm Network](https://feedsoft.ai/events/13390-drought-took-the-top-end-off-corn-and-soybean-yields-red-river-farm-network.md) | +1.1% | +15.8% |

## Sources

- rrfn.com: https://www.rrfn.com/2019/12/26/brazil-corn-and-soybeans-developing-nicely/

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