# Heavy rains in big Brazil farm state disrupt soy, corn harvests in final stages

> Heavy rains in Brazil's major farm state disrupted late soybean and corn harvests. Soybean harvest in the state reached 76% of planted area, and Chicago soybeans jumped to their highest level in more than a period after flooding hit Southern Brazil.

- Date: 2024-05-02 · published 2024-05-02T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/6452-heavy-rains-in-big-brazil-farm-state-disrupt-soy-corn-harvests-in-final-stages
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Flood-related harvest delays and quality risk in a top Brazilian producing state tighten global soybean supply, supporting soybean and meal prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2024-05-06 | 5 | +9.0% | 3.3 | Heavy rains disrupted Brazil's late soy harvest and pushed Chicago soybeans higher, lifting the complex including meal. |
| SBM | 2024-05-05 | 1 | +3.2% | 3.1 | Heavy rains disrupting Brazil harvest lifted Chicago soybeans, supporting meal on supply concerns. |
| SBM | 2024-05-08 | 5 | +7.0% | 2.9 | Heavy rain disrupted Brazilian harvest, pushing Chicago soybeans to highs and lifting meal via supply concerns. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-09-05 | [Acute dryness in Brazil's top soy state may disrupt planting](https://feedsoft.ai/events/13544-acute-dryness-in-brazil-s-top-soy-state-may-disrupt-planting.md) | -2.6% | +5.0% |
| SOY | 2024-04-24 | [Weather conditions harm soybean and corn harvests in several states - Revista Cultivar](https://feedsoft.ai/events/13577-weather-conditions-harm-soybean-and-corn-harvests-in-several-states-revista.md) | -1.9% | +5.9% |
| SOY | 2022-01-17 | [Brazil’s Drought Reduces Grain Harvest Forecasts](https://feedsoft.ai/events/13749-brazil-s-drought-reduces-grain-harvest-forecasts.md) | +3.4% | +15.7% |
| SOY | 2026-07-13 | [In Brazil, El Niño Could Delay Grain Planting, Reduce Harvests and Disrupt Livestock Farming - 13/07/2026 - Business - Folha](https://feedsoft.ai/events/13427-in-brazil-el-nino-could-delay-grain-planting-reduce-harvests-and-disrupt.md) | +0.7% | -3.3% |
| SOY | 2025-01-23 | [Despite being in early stage, Brazilian soybean harvest is delayed](https://feedsoft.ai/events/13523-despite-being-in-early-stage-brazilian-soybean-harvest-is-delayed.md) | +0.4% | -1.0% |
| CORN | 2023-02-27 | [Delays in the corn harvest in Brazil worry agents](https://feedsoft.ai/events/13666-delays-in-the-corn-harvest-in-brazil-worry-agents.md) | -1.3% | -1.8% |
| CORN | 2022-12-19 | [Drought hits Brazil corn in key southern state – StoneX](https://feedsoft.ai/events/13681-drought-hits-brazil-corn-in-key-southern-state-stonex.md) | +1.3% | +2.9% |
| CORN | 2026-04-06 | [Climate concerns second corn crop and soybean harvest advances to 82% in Brazil](https://feedsoft.ai/events/13439-climate-concerns-second-corn-crop-and-soybean-harvest-advances-to-82-in-brazil.md) | -1.8% | +2.8% |

## Sources

- reuters.com: https://www.reuters.com/business/environment/heavy-rains-big-brazil-farm-state-disrupt-soy-corn-harvests-final-stages-2024-05-02/

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