# Brazil Cuts Its Soybean and Corn Production Projections for 2024 - farmdoc daily

> Conab reduced its 2023/24 Brazilian soybean forecast by 1.4% to 5,886 million metric tons, though it still expects a record crop. Dry weather and low prices are expected to reduce the safrinha corn area. Soybean planting is behind schedule because of El Niño.

- Date: 2023-12-12 · published 2023-12-12T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13604-brazil-cuts-its-soybean-and-corn-production-projections-for-2024-farmdoc-daily
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Even with a record projected crop, the downward revision and the late planting raise risk to global soybean and corn supplies. This supports prices for both crops.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-06-21 | [Stress and the 2024 corn and soybean crops - farmdoc](https://feedsoft.ai/events/13176-stress-and-the-2024-corn-and-soybean-crops-farmdoc.md) | -0.3% | -5.0% |
| SOY | 2022-03-23 | [Brazil Drought Impacts Soybean Production - Field Advisor](https://feedsoft.ai/events/13737-brazil-drought-impacts-soybean-production-field-advisor.md) | -3.2% | +3.0% |
| SOY | 2025-11-27 | [La Niña slows soybean planting and narrows Brazil’s 2025/26 production outlook](https://feedsoft.ai/events/13459-la-nina-slows-soybean-planting-and-narrows-brazil-s-2025-26-production-outlook.md) | -1.1% | -6.4% |
| SOY | 2026-09-22 | [2026/27 Brazil Soybeans 1.2% Planted, Production of 180.0 mt](https://feedsoft.ai/events/13417-2026-27-brazil-soybeans-1-2-planted-production-of-180-0-mt.md) | -3.0% | -5.6% |
| SOY | 2024-04-12 | [AgroPages-Extreme weather knocks down Brazil's soybean and corn production-Agricultural news](https://feedsoft.ai/events/13579-agropages-extreme-weather-knocks-down-brazil-s-soybean-and-corn-production.md) | -2.2% | +2.9% |
| CORN | 2021-06-30 | [Safrinha Corn Projections Shrink as Prices in Brazil Hit Record High - farmdoc daily](https://feedsoft.ai/events/46415-safrinha-corn-projections-shrink-as-prices-in-brazil-hit-record-high-farmdoc.md) | -0.4% | -10.6% |
| CORN | 2024-06-21 | [Stress and the 2024 corn and soybean crops - farmdoc](https://feedsoft.ai/events/13176-stress-and-the-2024-corn-and-soybean-crops-farmdoc.md) | -5.5% | -8.4% |
| CORN | 2024-04-12 | [AgroPages-Extreme weather knocks down Brazil's soybean and corn production-Agricultural news](https://feedsoft.ai/events/13579-agropages-extreme-weather-knocks-down-brazil-s-soybean-and-corn-production.md) | -0.2% | +1.2% |

## Sources

- farmdocdaily.illinois.edu: https://farmdocdaily.illinois.edu/2023/12/brazil-cuts-its-soybean-and-corn-production-projections-for-2024.html

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