# Brazilian farmers slow fertilizer buys as drought dampens corn-planting plans | Reuters

> Mosaic expects Brazil's second corn crop, known as safrinha, to fall 12% or 12.7 million metric tons from last year. That drop exceeds the Brazilian government's estimate of an 11.1 million ton decline. Drought is also dampening farmers' corn-planting plans.

- Date: 2023-12-18 · published 2023-12-18T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13602-brazilian-farmers-slow-fertilizer-buys-as-drought-dampens-corn-planting-plans
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A smaller safrinha crop tightens export supply and supports corn prices. Slower fertilizer buying by Brazilian farmers signals reduced input demand.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-09-22 | [Argentine Farmers Plant More Soybeans to Fight Drought, Fertilizer Costs](https://feedsoft.ai/events/14009-argentine-farmers-plant-more-soybeans-to-fight-drought-fertilizer-costs.md) | -2.8% | +1.3% |
| CORN | 2023-12-20 | [Brazilian drought slows fertilizer purchases, affecting global suppliers — Fertilizer Daily](https://feedsoft.ai/events/33049-brazilian-drought-slows-fertilizer-purchases-affecting-global-suppliers.md) | +3.1% | -1.9% |
| CORN | 2021-05-13 | [Drought impacting most Brazilian corn farms](https://feedsoft.ai/events/46927-drought-impacting-most-brazilian-corn-farms.md) | -7.7% | -2.2% |
| CORN | 2021-09-21 | [Brazilian farmers begin seeding soybeans amid historic drought](https://feedsoft.ai/events/44919-brazilian-farmers-begin-seeding-soybeans-amid-historic-drought.md) | +1.8% | +1.7% |
| CORN | 2023-02-15 | [Brazil's corn planting is not the slowest ever, but yield risks are elevated  \| Reuters](https://feedsoft.ai/events/13663-brazil-s-corn-planting-is-not-the-slowest-ever-but-yield-risks-are-elevated.md) | -0.3% | -5.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/brazilian-farmers-slow-fertilizer-buys-drought-dampens-corn-planting-plans-2023-12-18/

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