# IRI Forecast Promising for South America

> The IRI seasonal forecast shows near-normal rainfall for most of Brazil and above-normal precipitation for southern Brazil and Argentina over the coming months. Little drought is indicated for the main crop areas, and the pattern is consistent with developing El Nino conditions.

- Date: 2018-10-16 · published 2018-10-16T12:00:00.000Z
- Category: weather · region South America · magnitude low
- Page: https://feedsoft.ai/events/62373-iri-forecast-promising-for-south-america
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Favorable rainfall outlooks for South American soybean and corn areas reduce supply-risk premiums, which is mildly bearish for soybeans and corn; El Nino signals add uncertainty for later seasons.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-01-11 | [Favorable Weather for South America](https://feedsoft.ai/events/72858-favorable-weather-for-south-america.md) | +6.9% | +5.3% |
| SOY | 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) | +1.0% | +0.1% |
| SOY | 2019-02-26 | [More Improved South America Weather Conditions](https://feedsoft.ai/events/60440-more-improved-south-america-weather-conditions.md) | -0.9% | -0.6% |
| SOY | 2025-12-12 | [La Niña Is Fading: What It Means for South American Crop Potential - AgWeb](https://feedsoft.ai/events/21412-la-nina-is-fading-what-it-means-for-south-american-crop-potential-agweb.md) | -3.8% | -5.5% |
| SOY | 2020-04-20 | [Favorable Growing Season Forecast - ProAg](https://feedsoft.ai/events/53482-favorable-growing-season-forecast-proag.md) | -0.0% | +0.7% |
| CORN | 2017-01-11 | [Favorable Weather for South America](https://feedsoft.ai/events/72858-favorable-weather-for-south-america.md) | +0.0% | +1.3% |
| CORN | 2019-02-26 | [More Improved South America Weather Conditions](https://feedsoft.ai/events/60440-more-improved-south-america-weather-conditions.md) | -1.5% | +0.9% |
| CORN | 2020-04-20 | [Favorable Growing Season Forecast - ProAg](https://feedsoft.ai/events/53482-favorable-growing-season-forecast-proag.md) | -2.0% | -2.2% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/south-america-calling/blog-post/2018/10/16/iri-forecast-promising-south-america

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