# Brazil soy yields impacted by drought in key state, farmers say

> Farmers in Mato Grosso, Brazil's largest soybean-producing state, told Reuters that scarce December rains will reduce soybean yields and possibly output. Dry weather and high temperatures are also accelerating the crop cycle, leading some growers to consider early harvesting despite yield risk.

- Date: 2018-12-26 · published 2018-12-26T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/61418-brazil-soy-yields-impacted-by-drought-in-key-state-farmers-say
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A drought-driven cut in Brazilian soybean output would tighten the export supply that has been weighing on prices, supporting soybeans, meal and oil.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-01-12 | [Brazil farmers struggle as drought batters southern soy crop](https://feedsoft.ai/events/13746-brazil-farmers-struggle-as-drought-batters-southern-soy-crop.md) | +1.1% | +15.8% |
| SOY | 2022-03-23 | [Brazil Drought Impacts Soybean Production - Field Advisor](https://feedsoft.ai/events/13737-brazil-drought-impacts-soybean-production-field-advisor.md) | -3.2% | +3.0% |
| SOY | 2022-01-27 | [Corn and soybean farmers in Brazil hit by huge losses amid droughts - Fastmarkets](https://feedsoft.ai/events/13748-corn-and-soybean-farmers-in-brazil-hit-by-huge-losses-amid-droughts-fastmarkets.md) | +7.3% | +15.4% |
| SOY | 2023-02-14 | [Brazil drought threatening national output potential, southern farmers say](https://feedsoft.ai/events/13664-brazil-drought-threatening-national-output-potential-southern-farmers-say.md) | +0.4% | -2.8% |
| SOY | 2020-10-16 | [Crop yields reveal impact of drought, derecho in parts of I states \| Crop Conditions \| farmweeknow.com](https://feedsoft.ai/events/50493-crop-yields-reveal-impact-of-drought-derecho-in-parts-of-i-states-crop.md) | +1.1% | +7.0% |
| SBM | 2022-01-12 | [Brazil farmers struggle as drought batters southern soy crop](https://feedsoft.ai/events/13746-brazil-farmers-struggle-as-drought-batters-southern-soy-crop.md) | -7.2% | +6.3% |
| SBM | 2022-03-23 | [Brazil Drought Impacts Soybean Production - Field Advisor](https://feedsoft.ai/events/13737-brazil-drought-impacts-soybean-production-field-advisor.md) | -2.6% | -2.0% |
| SBM | 2022-01-27 | [Corn and soybean farmers in Brazil hit by huge losses amid droughts - Fastmarkets](https://feedsoft.ai/events/13748-corn-and-soybean-farmers-in-brazil-hit-by-huge-losses-amid-droughts-fastmarkets.md) | +7.8% | +15.4% |

## Sources

- reuters.com: https://www.reuters.com/article/us-brazil-grains/brazil-soy-yields-impacted-by-drought-in-key-state-farmers-say-idUSKCN1OP18U/

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