# Favorable Weather for South America

> DTN reported that most corn and soybean areas in Brazil and Argentina have very favourable growing conditions as of January 11. Brazil's northeast around Bahia faces hot, dry conditions with some crop losses expected, though it is a small share of output. Argentina has had flooding after earlier dryness, and some double-crop soybean acreage may be lost.

- Date: 2017-01-11 · published 2017-01-11T12:00:00.000Z
- Category: weather · region South America · magnitude medium
- Page: https://feedsoft.ai/events/72858-favorable-weather-for-south-america
- 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

Favourable South American weather supports expectations of large soybean and corn supplies, which pressures prices. Argentine double-crop losses and Bahia damage are small relative to the total crop and only partly offset that pressure.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2016-11-18 | [Favorable weather outlook for South America - Brownfield Ag News](https://feedsoft.ai/events/73776-favorable-weather-outlook-for-south-america-brownfield-ag-news.md) | +5.7% | +4.8% |
| SOY | 2017-12-22 | [Ag Weather Forum: Favorable South America Rain Outlook \| La Niña Ready Nations](https://feedsoft.ai/events/67403-ag-weather-forum-favorable-south-america-rain-outlook-la-nina-ready-nations.md) | +0.3% | +4.0% |
| SOY | 2017-12-08 | [No South America Weather Calamity Yet](https://feedsoft.ai/events/67400-no-south-america-weather-calamity-yet.md) | -2.4% | -3.4% |
| SOY | 2019-04-02 | [Favorable Weather Pattern for Brazil](https://feedsoft.ai/events/59424-favorable-weather-pattern-for-brazil.md) | +0.4% | -6.1% |
| 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% |
| CORN | 2016-11-18 | [Favorable weather outlook for South America - Brownfield Ag News](https://feedsoft.ai/events/73776-favorable-weather-outlook-for-south-america-brownfield-ag-news.md) | +2.1% | +4.0% |
| CORN | 2017-12-22 | [Ag Weather Forum: Favorable South America Rain Outlook \| La Niña Ready Nations](https://feedsoft.ai/events/67403-ag-weather-forum-favorable-south-america-rain-outlook-la-nina-ready-nations.md) | +0.1% | +1.5% |
| CORN | 2017-12-08 | [No South America Weather Calamity Yet](https://feedsoft.ai/events/67400-no-south-america-weather-calamity-yet.md) | +2.9% | +5.8% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/ag-weather-forum/blog-post/2017/01/11/favorable-weather-south-america

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