# Mato Grosso Prepares to Plant Record Soybean Crop | CZ app

> The Mato Grosso Institute of Agricultural Economics (IMEA) raised its 2023/24 corn forecast to 47.5 million tonnes from 47.3 million, on a yield increase to 114.04 bags per hectare. The state is now preparing for a record 2024/25 soybean crop, with planting starting next month.

- Date: 2024-08-13 · published 2024-08-13T12:00:00.000Z
- Category: report · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/13556-mato-grosso-prepares-to-plant-record-soybean-crop-cz-app
- 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 larger Mato Grosso corn crop adds to export supply and is mildly bearish for corn. A record expected soybean crop is a larger supply outlook for soymeal and soy prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-05-12 | [USDA Predicts Record Corn, Soybean Crops](https://feedsoft.ai/events/5016-usda-predicts-record-corn-soybean-crops.md) | -8.7% | -8.7% |
| CORN | 2024-08-12 | [USDA Forecasts Record Soybean Crop](https://feedsoft.ai/events/28713-usda-forecasts-record-soybean-crop.md) | -1.6% | +1.4% |
| CORN | 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) | -2.2% | +6.2% |
| CORN | 2024-10-01 | [Corn and Soybean Prices Collapse Due to Big Crop Estimates](https://feedsoft.ai/events/27882-corn-and-soybean-prices-collapse-due-to-big-crop-estimates.md) | +0.2% | -2.4% |
| CORN | 2025-08-13 | [WASDE projects record corn crop, tighter soybeans, wheat under pressure \| Saxo](https://feedsoft.ai/events/23266-wasde-projects-record-corn-crop-tighter-soybeans-wheat-under-pressure-saxo.md) | +1.4% | +6.1% |
| SOY | 2022-04-14 | [Aquafeed.com \|
   

   
    Soy prices rise, U.S. to plant record crops](https://feedsoft.ai/events/41879-aquafeed-com-soy-prices-rise-u-s-to-plant-record-crops.md) | +4.3% | -0.9% |
| SOY | 2023-05-12 | [USDA Predicts Record Corn, Soybean Crops](https://feedsoft.ai/events/5016-usda-predicts-record-corn-soybean-crops.md) | -7.6% | -3.9% |
| SOY | 2026-08-27 | [Record Soybean Crop Forecast Meets Firm Demand Outlook \| CZ app](https://feedsoft.ai/events/10973-record-soybean-crop-forecast-meets-firm-demand-outlook-cz-app.md) | +3.8% | +5.0% |

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/mato-grosso-prepares-to-plant-record-soybean-crop/

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