# Drought reduces corn yields in Brazil

> CONAB estimates Brazil's 2023/24 safrinha corn crop will fall 11.8% to 90.28 million tonnes, with productivity down 7.2%. Mato Grosso do Sul, São Paulo and Paraná saw sharp losses after prolonged drought during the grain-filling stage.

- Date: 2024-08-23 · published 2024-08-23T12:00:00.000Z
- Category: weather · region Brazil · magnitude high
- Page: https://feedsoft.ai/events/13551-drought-reduces-corn-yields-in-brazil
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

A roughly 12% drop in Brazil's main corn crop tightens export supplies and supports corn and corn-based feed prices. Brazil's safrinha is the majority of its corn, so the shortfall matters for global feed buyers.

## Read by commodity

- CORN: bullish ▲
- DDGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-09-22 | [Summer drought reduces yields in south-east Europe](https://feedsoft.ai/events/22803-summer-drought-reduces-yields-in-south-east-europe.md) | -0.4% | -1.1% |
| CORN | 2022-01-17 | [Brazil’s Drought Reduces Grain Harvest Forecasts](https://feedsoft.ai/events/13749-brazil-s-drought-reduces-grain-harvest-forecasts.md) | -0.5% | +6.0% |
| CORN | 2022-05-03 | [Drought in Brazil adds to corn conundrum - Grain Central](https://feedsoft.ai/events/13721-drought-in-brazil-adds-to-corn-conundrum-grain-central.md) | +3.6% | +3.0% |
| CORN | 2022-12-19 | [Drought hits Brazil corn in key southern state – StoneX](https://feedsoft.ai/events/13681-drought-hits-brazil-corn-in-key-southern-state-stonex.md) | +1.3% | +2.9% |
| CORN | 2024-11-01 | [Ohio farmers see reduced yields on corn and soybeans from drought](https://feedsoft.ai/events/13138-ohio-farmers-see-reduced-yields-on-corn-and-soybeans-from-drought.md) | +2.5% | -0.2% |

## Sources

- valorinternational.globo.com: https://valorinternational.globo.com/agribusiness/news/2024/08/23/drought-reduces-corn-yields-in-brazil.ghtml

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