# Favorable Rain Boosts Brazil Crops

> Almost all of Brazil's crop areas have received at least 300 mm of rain over the past three months, with Mato Grosso above 500 mm. Safras & Mercado projected a record 106 million tonnes of Brazil soybeans, 4 mmt above the latest USDA WASDE figure.

- Date: 2016-12-16 · published 2016-12-16T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/73320-favorable-rain-boosts-brazil-crops
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Abundant rain and a larger-than-USDA Brazil soy crop add to export supply competing with US beans, which is bearish for soybeans and soybean meal, while Brazil corn recovery after drought is a modest bearish factor for corn.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-02-23 | [Favorable Brazil Harvest Weather](https://feedsoft.ai/events/72329-favorable-brazil-harvest-weather.md) | +1.8% | -2.2% |
| 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 | 2026-02-13 | [Weather favors Brazil’s soybean crop \| World Grain](https://feedsoft.ai/events/13448-weather-favors-brazil-s-soybean-crop-world-grain.md) | +0.0% | +6.5% |
| SOY | 2019-11-27 | [Soy futures fall to two-month low as favorable rains reach Brazil \| Financial Post](https://feedsoft.ai/events/56100-soy-futures-fall-to-two-month-low-as-favorable-rains-reach-brazil-financial-post.md) | -0.7% | +6.1% |
| SOY | 2017-06-12 | [GRAIN MARKETS: Crops tumble as rain moves in](https://feedsoft.ai/events/70423-grain-markets-crops-tumble-as-rain-moves-in.md) | -0.3% | +8.4% |
| SBM | 2017-02-23 | [Favorable Brazil Harvest Weather](https://feedsoft.ai/events/72329-favorable-brazil-harvest-weather.md) | +0.0% | -3.4% |
| SBM | 2026-02-13 | [Weather favors Brazil’s soybean crop \| World Grain](https://feedsoft.ai/events/13448-weather-favors-brazil-s-soybean-crop-world-grain.md) | -0.0% | +6.9% |
| SBM | 2019-11-27 | [Soy futures fall to two-month low as favorable rains reach Brazil \| Financial Post](https://feedsoft.ai/events/56100-soy-futures-fall-to-two-month-low-as-favorable-rains-reach-brazil-financial-post.md) | -0.0% | +1.6% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/south-america-calling/blog-post/2016/12/16/favorable-rain-boosts-brazil-crops

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