Brazil’s Conab Raises Grain Output Forecast on Bigger Corn Crop

After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.

• Jul 14, 2023Brazil lifts grain output forecast on better second-corn outlook – Conab-6.9%
• Jul 11, 2025Brazil raises forecast for record grain harvest-0.7%
• May 15, 2026Brazil raises forecast for record harvest+1.2%
• Jun 19, 2017Brazil on track for record corn output | World-grain.com | June 19, 2017 15:09 | World Grain-5.4%
• Oct 10, 2018Brazil corn production forecast higher | 2018-10-10 | World Grain+4.0%

After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.

• Feb 9, 2024Conab slashes Brazil soybean output to 149.4M tonnes and corn to 113.6M tonnes - Fastmarkets-2.6%
• Mar 12, 2019Brazil raises corn crop estimate, cuts soybeans - Brownfield Ag News+3.2%
• Aug 13, 2024Brazilian crop output reduced by adverse weather-5.5%
• Feb 3, 2023USDA FAS cuts Argentina soybean guess, sees big Brazil corn crop-1.0%
• Aug 15, 2025USDA Forecasts Record Corn Crop at 16.7B Bushels+2.6%

After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.

• Feb 9, 2024Conab slashes Brazil soybean output to 149.4M tonnes and corn to 113.6M tonnes - Fastmarkets-1.9%
• Aug 13, 2024Brazilian crop output reduced by adverse weather-2.6%
• Feb 3, 2023USDA FAS cuts Argentina soybean guess, sees big Brazil corn crop+0.3%
• Aug 13, 2025Global oilseeds production forecast lowered on multiple crop declines | Feed & Grain+3.1%
• Oct 21, 2021Argentina’s oilseed crushing rate forecast to drop+0.4%