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

> Brazil's crop agency Conab raised its 2024/25 total grain supply forecast to 325.71 million tons from 322.25 million, driven by a larger corn crop now projected at 122.01 million tons. It slightly cut its soybean forecast to 166.01 million tons due to irreversible drought losses in Rio Grande do Sul.

- Date: 2025-02-13 · published 2025-02-13T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13512-brazil-s-conab-raises-grain-output-forecast-on-bigger-corn-crop
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A bigger Brazilian corn crop adds export supply that competes with US corn, which is bearish for corn prices, while the soybean cut is mildly supportive for soybean meal.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-07-14 | [Brazil lifts grain output forecast on better second-corn outlook – Conab](https://feedsoft.ai/events/13637-brazil-lifts-grain-output-forecast-on-better-second-corn-outlook-conab.md) | -6.9% | -11.1% |
| CORN | 2025-07-11 | [Brazil raises forecast for record grain harvest](https://feedsoft.ai/events/13484-brazil-raises-forecast-for-record-grain-harvest.md) | -0.7% | -1.5% |
| CORN | 2026-05-15 | [Brazil raises forecast for record harvest](https://feedsoft.ai/events/13434-brazil-raises-forecast-for-record-harvest.md) | +1.2% | -7.4% |
| CORN | 2017-06-19 | [Brazil on track for record corn output \| World-grain.com \| June 19, 2017 15:09 \| World Grain](https://feedsoft.ai/events/70330-brazil-on-track-for-record-corn-output-world-grain-com-june-19-2017-15-09-world.md) | -5.4% | -1.7% |
| CORN | 2018-10-10 | [Brazil corn production forecast higher \| 2018-10-10  \| World Grain](https://feedsoft.ai/events/62372-brazil-corn-production-forecast-higher-2018-10-10-world-grain.md) | +4.0% | +4.0% |
| SOY | 2024-02-09 | [Conab slashes Brazil soybean output to 149.4M tonnes and corn to 113.6M tonnes - Fastmarkets](https://feedsoft.ai/events/13588-conab-slashes-brazil-soybean-output-to-149-4m-tonnes-and-corn-to-113-6m-tonnes.md) | -2.6% | -1.9% |
| SOY | 2019-03-12 | [Brazil raises corn crop estimate, cuts soybeans - Brownfield Ag News](https://feedsoft.ai/events/59926-brazil-raises-corn-crop-estimate-cuts-soybeans-brownfield-ag-news.md) | +3.2% | +2.4% |
| SOY | 2024-08-13 | [Brazilian crop output reduced by adverse weather](https://feedsoft.ai/events/13555-brazilian-crop-output-reduced-by-adverse-weather.md) | -5.5% | -3.4% |

## Sources

- agriculture.com: https://www.agriculture.com/brazil-s-conab-raises-grain-output-forecast-on-bigger-corn-crop-11679137

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