# An Early Look at South American Crops

> DTN reports that rains over the past weeks have replenished soil moisture in Argentina and Brazil after a dry early summer. Forecasts call for widespread moderate to heavy rain through late November, with the trade now confident both countries could reach trend-line yields for 2020 corn and soybeans, though it remains early.

- Date: 2019-11-19 · published 2019-11-19T12:00:00.000Z
- Category: weather · region South America · magnitude low
- Page: https://feedsoft.ai/events/55874-an-early-look-at-south-american-crops
- 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

Improved moisture lowers the risk of a South American supply shortfall, which weighs on soybean, corn and meal prices as the 2020 crop develops.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-08-31 | [El Nino should benefit South American crops \| The Western Producer](https://feedsoft.ai/events/13634-el-nino-should-benefit-south-american-crops-the-western-producer.md) | +1.5% | -6.4% |
| CORN | 2016-12-08 | [Good Weather and Crop Outlook in South America \| Hoosier Ag Today](https://feedsoft.ai/events/73326-good-weather-and-crop-outlook-in-south-america-hoosier-ag-today.md) | +0.9% | +0.3% |
| CORN | 2022-11-21 | [South American crops projected to hit record highs and lows - Brownfield Ag News](https://feedsoft.ai/events/38579-south-american-crops-projected-to-hit-record-highs-and-lows-brownfield-ag-news.md) | -3.5% | -5.6% |
| CORN | 2021-01-19 | [Soybeans fall on South American rainfall](https://feedsoft.ai/events/8231-soybeans-fall-on-south-american-rainfall.md) | +0.0% | +0.0% |
| CORN | 2017-12-27 | [Late-Year Rain Benefits South America](https://feedsoft.ai/events/67326-late-year-rain-benefits-south-america.md) | +0.4% | +1.3% |
| SOY | 2023-08-25 | [El Nino Favors South American Soy Crop; Northern Brazil Outlook Less Rosy](https://feedsoft.ai/events/13635-el-nino-favors-south-american-soy-crop-northern-brazil-outlook-less-rosy.md) | -0.4% | -5.1% |
| SOY | 2023-08-31 | [El Nino should benefit South American crops \| The Western Producer](https://feedsoft.ai/events/13634-el-nino-should-benefit-south-american-crops-the-western-producer.md) | -2.6% | -5.8% |
| SOY | 2016-12-08 | [Good Weather and Crop Outlook in South America \| Hoosier Ag Today](https://feedsoft.ai/events/73326-good-weather-and-crop-outlook-in-south-america-hoosier-ag-today.md) | -2.4% | -6.0% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/south-america-calling/blog-post/2019/11/19/early-look-south-american-crops

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