# Conab slashes Brazil soybean output to 149.4M tonnes and corn to 113.6M tonnes - Fastmarkets

> Conab cut its Brazil soybean output estimate 3.8% to 149.4 million tonnes and its corn estimate 3.3% to 113.6 million tonnes in its February monthly update. Both figures came in below January's forecasts, with corn under market expectations. Total oilseed and grain output fell 2.2% to 299.7 million tonnes.

- Date: 2024-02-09 · published 2024-02-09T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13588-conab-slashes-brazil-soybean-output-to-149-4m-tonnes-and-corn-to-113-6m-tonnes
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Smaller Brazilian soybean and corn supplies tighten export availability and support feed grain and meal prices, particularly since corn came in below trade expectations.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-04-06 | [Brazil's soybean harvest 78% complete, corn sowing ends: analysts - Fastmarkets](https://feedsoft.ai/events/47444-brazil-s-soybean-harvest-78-complete-corn-sowing-ends-analysts-fastmarkets.md) | -2.2% | +10.4% |
| SOY | 2021-04-21 | [Argentina soybean output lowered to 45m mt, 2021/22 at 51.5m mt - Fastmarkets](https://feedsoft.ai/events/47429-argentina-soybean-output-lowered-to-45m-mt-2021-22-at-51-5m-mt-fastmarkets.md) | +5.3% | +6.9% |
| SOY | 2025-02-13 | [Brazil’s Conab Raises Grain Output Forecast on Bigger Corn Crop](https://feedsoft.ai/events/13512-brazil-s-conab-raises-grain-output-forecast-on-bigger-corn-crop.md) | +1.7% | -3.0% |
| SOY | 2022-04-12 | [US soybean stocks cut, Brazil’s soy export highs, Canadian grain exports: Top stories in the soy market - Fastmarkets](https://feedsoft.ai/events/41801-us-soybean-stocks-cut-brazil-s-soy-export-highs-canadian-grain-exports-top.md) | +3.7% | -1.5% |
| SOY | 2021-03-31 | [Futures hit limits as USDA fails to deliver corn, soybean planting hike - Fastmarkets](https://feedsoft.ai/events/48140-futures-hit-limits-as-usda-fails-to-deliver-corn-soybean-planting-hike.md) | +3.1% | +14.0% |
| CORN | 2023-10-18 | [Brazil Expected to Expand Soybean Acreage and Reduce Corn Acreage - farmdoc daily](https://feedsoft.ai/events/13622-brazil-expected-to-expand-soybean-acreage-and-reduce-corn-acreage-farmdoc-daily.md) | +1.9% | -1.3% |
| CORN | 2021-03-31 | [Futures hit limits as USDA fails to deliver corn, soybean planting hike - Fastmarkets](https://feedsoft.ai/events/48140-futures-hit-limits-as-usda-fails-to-deliver-corn-soybean-planting-hike.md) | +0.8% | +19.2% |
| CORN | 2025-01-13 | [WASDE update: US corn and soybean output estimates cut \| articles \| ING THINK](https://feedsoft.ai/events/26453-wasde-update-us-corn-and-soybean-output-estimates-cut-articles-ing-think.md) | +1.7% | +1.8% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/conab-slashes-brazil-soybean-and-corn-output/

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