# Datagro Grãos reduces estimate for Brazil's 2023-24 soybean harvest to 147,571 million tons - Revista Cultivar

> Datagro Grãos cut its estimate for Brazil's 2023/24 soybean crop to 147.571 million tons, citing lower yields of 3,213 kg/ha. Combined with the two corn harvests, Brazil's potential production is 114.3 million tons, and planted area rose 2.8% to 45.935 million hectares.

- Date: 2024-05-24 · published 2024-05-24T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13572-datagro-graos-reduces-estimate-for-brazil-s-2023-24-soybean-harvest-to-147-571
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A smaller Brazilian soybean crop tightens export supply of soybeans and soymeal, supporting soybean meal prices against US and Argentine origins.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-04-30 | [Numbers for the 2019/20 soybean and corn harvests are reviewed by Datagro - Revista Cultivar](https://feedsoft.ai/events/53473-numbers-for-the-2019-20-soybean-and-corn-harvests-are-reviewed-by-datagro.md) | -0.2% | +1.8% |
| SOY | 2022-02-11 | [Conab Lowers Brazil's 2021/22 Soybean Production 15 Million Tons](https://feedsoft.ai/events/13741-conab-lowers-brazil-s-2021-22-soybean-production-15-million-tons.md) | +1.1% | +7.4% |
| SOY | 2019-07-11 | [Estimates for 2019 harvest increase, hit 236 million tonnes \| News Agency](https://feedsoft.ai/events/57935-estimates-for-2019-harvest-increase-hit-236-million-tonnes-news-agency.md) | -1.2% | -5.0% |
| SOY | 2023-01-12 | [U.S. reduces corn, soybean harvest views - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/13310-u-s-reduces-corn-soybean-harvest-views-agweek-1-source-for-agriculture-news.md) | -0.0% | +0.3% |
| SOY | 2021-10-07 | [September´s estimate expects harvest of 250.9 million tonnes in 2021 \| News Agency](https://feedsoft.ai/events/44375-september-s-estimate-expects-harvest-of-250-9-million-tonnes-in-2021-news-agency.md) | -3.8% | -0.8% |
| SBM | 2020-04-30 | [Numbers for the 2019/20 soybean and corn harvests are reviewed by Datagro - Revista Cultivar](https://feedsoft.ai/events/53473-numbers-for-the-2019-20-soybean-and-corn-harvests-are-reviewed-by-datagro.md) | -0.0% | +0.4% |
| SBM | 2022-02-11 | [Conab Lowers Brazil's 2021/22 Soybean Production 15 Million Tons](https://feedsoft.ai/events/13741-conab-lowers-brazil-s-2021-22-soybean-production-15-million-tons.md) | -1.4% | +10.3% |
| SBM | 2019-07-11 | [Estimates for 2019 harvest increase, hit 236 million tonnes \| News Agency](https://feedsoft.ai/events/57935-estimates-for-2019-harvest-increase-hit-236-million-tonnes-news-agency.md) | -0.5% | -5.2% |

## Sources

- revistacultivar.com: https://revistacultivar.com/news/datagro-grains-reduces-estimate-for-the-2023-24-soybean-harvest-in-Brazil-to-147-million-tons

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