# Meanwhile, in the Southern hemisphere…

> AgRural said Brazil's nationwide soybean harvest had covered 6.4% of planted area by early February, close to the five-year average of 6.5%. Estimated national yields of 48.2 bushels per acre are slightly below last year's record 49.4, though local results vary widely.

- Date: 2018-02-06 · published 2018-02-06T12:00:00.000Z
- Category: weather · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/66328-meanwhile-in-the-southern-hemisphere
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Brazil is the world's dominant soybean exporter, so steady harvest progress and near-average yields limit fears of a supply shortfall and weigh modestly on soybean and meal prices. Localized dry spells in Mato Grosso could still trim output in affected areas.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-04-30 | [Rains in the southern U.S. lead to mild drought improvement - Pro Farmer](https://feedsoft.ai/events/13001-rains-in-the-southern-u-s-lead-to-mild-drought-improvement-pro-farmer.md) | -0.3% | +1.0% |
| SOY | 2025-07-28 | [Severe Weather and an End to the Heatwave This Week](https://feedsoft.ai/events/13069-severe-weather-and-an-end-to-the-heatwave-this-week.md) | -3.7% | +3.8% |
| 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% |
| SOY | 2025-04-01 | [Estimating the Impact of Low Mississippi River Levels on Soybean Basis in the Midsouth \| Agriculture of America](https://feedsoft.ai/events/16456-estimating-the-impact-of-low-mississippi-river-levels-on-soybean-basis-in-the.md) | -3.1% | +2.6% |
| 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% |
| SBM | 2023-12-28 | [Soybeans Rally to Close in the Black - IBest Media](https://feedsoft.ai/events/11439-soybeans-rally-to-close-in-the-black-ibest-media.md) | -2.6% | -6.7% |
| SBM | 2019-02-26 | [More Improved South America Weather Conditions](https://feedsoft.ai/events/60440-more-improved-south-america-weather-conditions.md) | +0.3% | +3.2% |
| SBM | 2017-01-11 | [Favorable Weather for South America](https://feedsoft.ai/events/72858-favorable-weather-for-south-america.md) | +12.0% | +8.9% |

## Sources

- farmprogress.com: https://www.farmprogress.com/soybean/meanwhile-in-the-southern-hemisphere-

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