# 2023/24 Brazil Safrinha Corn 38% Planted vs. 25% Last Year

> Conab cut its safrinha corn estimate, citing lower first-crop and second-crop acreage, with safrinha area projected down 7.6% to 1.31 million hectares. Farmers face low soybean yields, the lowest soybean prices in three years, and rising pest costs, and Aprosoja advised farmers not to sell grain or expand area.

- Date: 2024-02-16 · published 2024-02-16T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13593-2023-24-brazil-safrinha-corn-38-planted-vs-25-last-year
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Reduced safrinha acreage and farmer financial stress lower Brazilian corn supply and raise uncertainty over exports, supporting corn prices, though corn is already below production cost.

## Read by commodity

- SOY: bearish ▼
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-06-12 | [2023/24 Brazil Safrinha Corn 4.7% Harvested](https://feedsoft.ai/events/13564-2023-24-brazil-safrinha-corn-4-7-harvested.md) | -0.1% | -7.3% |
| CORN | 2018-05-22 | [Brazilian Safrinha Crop Corn Waiting for More Rain](https://feedsoft.ai/events/64862-brazilian-safrinha-crop-corn-waiting-for-more-rain.md) | +0.7% | -7.9% |
| CORN | 2024-05-24 | [Brazil 2023/24 second corn crop to hit 96.7 million tons](https://feedsoft.ai/events/13569-brazil-2023-24-second-corn-crop-to-hit-96-7-million-tons.md) | +0.6% | +1.3% |
| CORN | 2025-02-27 | [Are Concerns Over Slow Corn, Soy Safrinha Planting Overblown? \| CZ app](https://feedsoft.ai/events/13515-are-concerns-over-slow-corn-soy-safrinha-planting-overblown-cz-app.md) | -5.3% | -1.0% |
| CORN | 2018-02-14 | [Drop in Safrinha corn area will cap Brazilian fertilizer ... - CRU Group](https://feedsoft.ai/events/66329-drop-in-safrinha-corn-area-will-cap-brazilian-fertilizer-cru-group.md) | -0.2% | +5.0% |
| SOY | 2023-07-19 | [Safras & Mercado Forecasts Brazil Soy to Increase 4.5% in 2023/24](https://feedsoft.ai/events/13640-safras-and-mercado-forecasts-brazil-soy-to-increase-4-5-in-2023-24.md) | +1.6% | -11.3% |
| SOY | 2021-10-08 | [Conab's 2021/22 Brazil Soy Production 140.75 mt, Corn 116.31 mt](https://feedsoft.ai/events/44376-conab-s-2021-22-brazil-soy-production-140-75-mt-corn-116-31-mt.md) | -3.3% | -3.0% |
| SOY | 2022-09-02 | [Brazilian Corn and Soybean 2022/2023 Crop Preview \| Weekly Crop Update](https://feedsoft.ai/events/13698-brazilian-corn-and-soybean-2022-2023-crop-preview-weekly-crop-update.md) | +1.1% | -7.3% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/2023-24-brazil-safrinha-corn-38-planted-vs-25-last-year/

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