# Brazilian market has firm prices and new area cut in the summer corn crop

> Safras & Mercado reports Brazil's second-crop corn is nearly harvested and exports have reached 20 million tons against a 40 million ton target. Planting of the summer corn crop has begun in the South, with a sharp reduction in planted area expected. Producers are cutting area due to credit costs, currency devaluation, and input prices, and La Niña remains uncertain.

- Date: 2024-09-12 · published 2024-09-12T12:00:00.000Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13549-brazilian-market-has-firm-prices-and-new-area-cut-in-the-summer-corn-crop
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A smaller Brazilian summer corn area could tighten supplies in the first half of 2025 and support corn prices, while currency weakness may keep export prices competitive.

## Read by commodity

- CORN: bullish ▲
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-04-27 | [Rising crude prices supportive to corn market - Brownfield Ag News](https://feedsoft.ai/events/65539-rising-crude-prices-supportive-to-corn-market-brownfield-ag-news.md) | +2.1% | +4.1% |
| CORN | 2025-09-29 | [Strong domestic demand in Brazil will require more of the second corn crop in 2026](https://feedsoft.ai/events/13473-strong-domestic-demand-in-brazil-will-require-more-of-the-second-corn-crop-in.md) | -1.8% | -1.5% |
| CORN | 2020-01-27 | [Due to oil prices on the world market, the prices of all commodities are rising – Lider Media](https://feedsoft.ai/events/55169-due-to-oil-prices-on-the-world-market-the-prices-of-all-commodities-are-rising.md) | -1.2% | -1.8% |
| CORN | 2026-09-25 | [What’s behind the latest surge in grain and oilseed prices?](https://feedsoft.ai/events/17495-what-s-behind-the-latest-surge-in-grain-and-oilseed-prices.md) | -0.3% | -6.1% |
| CORN | 2022-04-06 | [Nitrogen Fertilizer Prices and Supply in Light of the Ukraine-Russia Conflict - farmdoc daily](https://feedsoft.ai/events/42133-nitrogen-fertilizer-prices-and-supply-in-light-of-the-ukraine-russia-conflict.md) | -1.9% | -6.1% |
| USDBRL | 2024-07-02 | [Understanding the Storm in Brazilian Markets](https://feedsoft.ai/events/9457-understanding-the-storm-in-brazilian-markets.md) | -2.8% | +1.2% |
| USDBRL | 2017-06-26 | [Slumping Commodity Prices Pressure the Brazilian Real in 2Q17](https://feedsoft.ai/events/70712-slumping-commodity-prices-pressure-the-brazilian-real-in-2q17.md) | -0.7% | -5.4% |
| USDBRL | 2024-07-02 | [Stress in domestic market continues, pressures Brazilian real](https://feedsoft.ai/events/9453-stress-in-domestic-market-continues-pressures-brazilian-real.md) | -2.8% | +1.2% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/brazilian-market-has-firm-prices-and-new-area-cut-in-the-summer-corn-crop/

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