# An update on Brazil and Argentina crops - Morning Ag Clips

> Brazil's soybean harvest reached 35% nationally, about 2% behind the five-year average, with Mato Grosso at 71% and yields good but below last year. Safrinha corn planting reached 63% nationally, while Argentina's crop conditions are described as less favorable.

- Date: 2018-03-08 · published 2018-03-08T12:00:00.000Z
- Category: weather · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/65842-an-update-on-brazil-and-argentina-crops-morning-ag-clips
- 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

Solid Brazilian soybean and corn progress keeps export supplies flowing, which is bearish for soybean and corn prices, while Argentine weakness supports offsetting demand for South American meal and oil.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-09-27 | [Brazil crop update - Morning Ag Clips](https://feedsoft.ai/events/62863-brazil-crop-update-morning-ag-clips.md) | +1.4% | +0.0% |
| SOY | 2018-12-13 | [Brazil soybean update and U.S. weather outlook - Morning Ag Clips](https://feedsoft.ai/events/61420-brazil-soybean-update-and-u-s-weather-outlook-morning-ag-clips.md) | -2.2% | -2.3% |
| SOY | 2017-02-16 | [Soybean harvest varies across Brazil - Morning Ag Clips](https://feedsoft.ai/events/72330-soybean-harvest-varies-across-brazil-morning-ag-clips.md) | -4.7% | -5.6% |
| SOY | 2017-01-24 | [Brazil's Soybean Crop Seen as Amazing](https://feedsoft.ai/events/72859-brazil-s-soybean-crop-seen-as-amazing.md) | -3.3% | -3.0% |
| SOY | 2021-01-19 | [Timely Rains Help Brazil Crops, Dry Conditions Remain in Argentina \| Red River Farm Network](https://feedsoft.ai/events/48978-timely-rains-help-brazil-crops-dry-conditions-remain-in-argentina-red-river.md) | -5.2% | -2.3% |
| CORN | 2018-08-02 | [Brazil corn harvest to 50%; U.S. weather outlook - Morning Ag Clips](https://feedsoft.ai/events/63378-brazil-corn-harvest-to-50-u-s-weather-outlook-morning-ag-clips.md) | +9.3% | -3.4% |
| CORN | 2021-10-21 | [Double-Dip La Nina Motivates Second-Fastest Start on Record to Brazil Soybean Planting](https://feedsoft.ai/events/44379-double-dip-la-nina-motivates-second-fastest-start-on-record-to-brazil-soybean.md) | +2.1% | +9.4% |
| CORN | 2017-03-07 | [U.S. grains: Soy, corn fall on Brazil crop expectations - AgCanada](https://feedsoft.ai/events/72036-u-s-grains-soy-corn-fall-on-brazil-crop-expectations-agcanada.md) | -2.2% | -0.2% |

## Sources

- morningagclips.com: https://www.morningagclips.com/an-update-on-brazil-and-argentina-crops/

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