Brazil Drought Impacts Soybean Production
Early season drought issues across Southern Brazil (Mato Grosso Do Sul, Parana, and Rio Grande do Sul) robbed Brazil of a record setting soybean crop for the 2021-22 growing season. Stagnant high-pressure plus a lack of cold fronts moving north out of Argentina led to about 40% of Southern Brazil’s soybean growing area receiving less than 60% of normal rainfall through late January.