# Brazil raises record crop forecast despite drought in Rio Grande do Sul

> Conab raised Brazil's 2024/25 grain and fiber forecast to a record 328.3 million tonnes, 2.6 million tonnes above its February estimate. Soybean output is put at 167.4 million tonnes, while drought in Rio Grande do Sul is weighing on the southern crop.

- Date: 2025-03-14 · published 2025-03-14T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13508-brazil-raises-record-crop-forecast-despite-drought-in-rio-grande-do-sul
- 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

A record Brazilian soybean crop adds export supply that pressures soybean meal and soybean prices, although southern drought partly offsets the gain.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-07-11 | [Brazil raises forecast for record grain harvest](https://feedsoft.ai/events/13484-brazil-raises-forecast-for-record-grain-harvest.md) | +0.9% | -4.0% |
| SOY | 2026-05-15 | [Brazil raises forecast for record harvest](https://feedsoft.ai/events/13434-brazil-raises-forecast-for-record-harvest.md) | +1.7% | -5.2% |
| SOY | 2017-08-10 | [Brazil to forecast new record crop  \| News Agency](https://feedsoft.ai/events/69284-brazil-to-forecast-new-record-crop-news-agency.md) | -4.3% | +0.0% |
| SOY | 2024-08-22 | [Record US soybean crop forecast in 2024 \| World Grain](https://feedsoft.ai/events/28788-record-us-soybean-crop-forecast-in-2024-world-grain.md) | -0.5% | +5.2% |
| SOY | 2021-09-22 | [Brazil Starts Planting Grain Crop with Forecast of a New Record - farmdoc daily](https://feedsoft.ai/events/44914-brazil-starts-planting-grain-crop-with-forecast-of-a-new-record-farmdoc-daily.md) | +0.2% | -3.6% |
| SBM | 2025-07-11 | [Brazil raises forecast for record grain harvest](https://feedsoft.ai/events/13484-brazil-raises-forecast-for-record-grain-harvest.md) | -0.0% | +2.2% |
| SBM | 2026-05-15 | [Brazil raises forecast for record harvest](https://feedsoft.ai/events/13434-brazil-raises-forecast-for-record-harvest.md) | -3.3% | -12.8% |
| SBM | 2017-08-10 | [Brazil to forecast new record crop  \| News Agency](https://feedsoft.ai/events/69284-brazil-to-forecast-new-record-crop-news-agency.md) | -3.9% | -1.4% |

## Sources

- valorinternational.globo.com: https://valorinternational.globo.com/agribusiness/news/2025/03/14/brazil-raises-record-crop-forecast-despite-drought-in-rio-grande-do-sul.ghtml

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