# Farmers in Rio Grande do Sul Hoping for a Better 2023/24

> Emater estimates Rio Grande do Sul's 2023/24 soybean crop at 22.44 million tons, up 73% from the drought-hit prior year, on 6.7 million hectares. Corn output is forecast at 6.06 million tons, up 53%.

- Date: 2023-09-08 · published 2023-09-08T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13626-farmers-in-rio-grande-do-sul-hoping-for-a-better-2023-24
- 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

A sharp rebound in state output expands Brazilian soybean and corn supply for the coming season, which is bearish for soybean meal and corn prices if it holds.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-03-14 | [Brazil raises record crop forecast despite drought in Rio Grande do Sul](https://feedsoft.ai/events/13508-brazil-raises-record-crop-forecast-despite-drought-in-rio-grande-do-sul.md) | +1.6% | +3.2% |
| SOY | 2023-02-28 | [Agribusiness News March 2023 - Cereals and Oilseeds \| Helping farmers in Scotland](https://feedsoft.ai/events/37394-agribusiness-news-march-2023-cereals-and-oilseeds-helping-farmers-in-scotland.md) | +1.5% | -5.0% |
| SOY | 2020-03-16 | [Market Trends for March & April - Grain Farmers of Ontario](https://feedsoft.ai/events/7428-market-trends-for-march-and-april-grain-farmers-of-ontario.md) | +1.9% | +0.9% |
| SOY | 2026-07-24 | [Bulk Grain Shipping Rates Surge 26% in Q2 2026 \| Feed & Grain](https://feedsoft.ai/events/16784-bulk-grain-shipping-rates-surge-26-in-q2-2026-feed-and-grain.md) | -5.7% | -3.8% |
| SOY | 2020-03-26 | [Morning Market Review for March 26, 2020 - HighLine Grain Growers, Inc](https://feedsoft.ai/events/11212-morning-market-review-for-march-26-2020-highline-grain-growers-inc.md) | -2.1% | -4.8% |
| CORN | 2022-12-12 | [Market Trends Report – December 2022 & January 2023 - Grain Farmers of Ontario](https://feedsoft.ai/events/5518-market-trends-report-december-2022-and-january-2023-grain-farmers-of-ontario.md) | +1.6% | +2.6% |
| CORN | 2023-02-28 | [Agribusiness News March 2023 - Cereals and Oilseeds \| Helping farmers in Scotland](https://feedsoft.ai/events/37394-agribusiness-news-march-2023-cereals-and-oilseeds-helping-farmers-in-scotland.md) | +0.9% | +0.2% |
| CORN | 2026-07-24 | [Bulk Grain Shipping Rates Surge 26% in Q2 2026 \| Feed & Grain](https://feedsoft.ai/events/16784-bulk-grain-shipping-rates-surge-26-in-q2-2026-feed-and-grain.md) | -3.8% | -1.3% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/farmers-in-rio-grande-do-sul-hoping-for-a-better-2023-24/

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