# Brazil’s Second Corn Crop Slightly Smaller Amid Drought

> Brazil's soybean estimate was cut 1.4 million tonnes to 152.4 million tonnes, mainly due to floods in Rio Grande do Sul. Drought is hurting the second corn crop, with Mato Grosso do Sul output down 19% and Paraná yields falling sharply. Harvest was 28% complete, and below-average rainfall is forecast.

- Date: 2024-07-03 · published 2024-07-03T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13560-brazil-s-second-corn-crop-slightly-smaller-amid-drought
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Smaller Brazilian soybean and safrinha corn crops tighten export supply and support prices for meal, oil and feed grains.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-05-02 | [Brazil drought hits second-corn, dry spell persists](https://feedsoft.ai/events/64859-brazil-drought-hits-second-corn-dry-spell-persists.md) | +1.4% | +1.9% |
| CORN | 2021-08-03 | [Brazil's second corn harvest 19 million tons smaller](https://feedsoft.ai/events/45431-brazil-s-second-corn-harvest-19-million-tons-smaller.md) | -1.8% | -3.2% |
| CORN | 2026-07-31 | [Weather may delay Brazil’s second corn crop harvest](https://feedsoft.ai/events/13426-weather-may-delay-brazil-s-second-corn-crop-harvest.md) | -1.6% | +9.4% |
| CORN | 2023-01-27 | [Watching Northwest/North Brazil Second Corn Crop for Drought Risk - Climate Impact Company](https://feedsoft.ai/events/13674-watching-northwest-north-brazil-second-corn-crop-for-drought-risk-climate.md) | -1.1% | -1.9% |
| CORN | 2022-03-24 | [Mixed Weather Conditions for Second-Crop Corn in Brazil](https://feedsoft.ai/events/13733-mixed-weather-conditions-for-second-crop-corn-in-brazil.md) | +1.8% | +8.1% |
| SOY | 2023-01-27 | [Watching Northwest/North Brazil Second Corn Crop for Drought Risk - Climate Impact Company](https://feedsoft.ai/events/13674-watching-northwest-north-brazil-second-corn-crop-for-drought-risk-climate.md) | +0.7% | +0.4% |
| SOY | 2022-05-31 | [Drought devastates Brazilian crop](https://feedsoft.ai/events/13720-drought-devastates-brazilian-crop.md) | -1.9% | -4.0% |
| SOY | 2020-11-30 | [Drought Continues to Hamper Brazil's Corn, Soybean Growing Season](https://feedsoft.ai/events/50007-drought-continues-to-hamper-brazil-s-corn-soybean-growing-season.md) | -2.4% | +5.3% |

## Sources

- agriculture.com: https://www.agriculture.com/brazil-s-second-corn-crop-slightly-smaller-amid-drought-8673273

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