# Brazil lifts grain output forecast on better second-corn outlook – Conab

> Brazil's government agency Conab raised its second-corn production estimate to 98 million tons from 96.3 million in June. It also put the national soybean crop at a record 154.5 million tons and total corn output near 128 million tons.

- Date: 2023-07-14 · published 2023-07-14T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13637-brazil-lifts-grain-output-forecast-on-better-second-corn-outlook-conab
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A record Brazilian soybean and corn outlook increases export availability in the second half of the year, which is bearish for global corn and soybean prices and for meal values.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 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% | -6.8% |
| CORN | 2017-06-19 | [Brazil on track for record corn output \| World-grain.com \| June 19, 2017 15:09 \| World Grain](https://feedsoft.ai/events/70330-brazil-on-track-for-record-corn-output-world-grain-com-june-19-2017-15-09-world.md) | -5.4% | -1.7% |
| CORN | 2018-10-10 | [Brazil corn production forecast higher \| 2018-10-10  \| World Grain](https://feedsoft.ai/events/62372-brazil-corn-production-forecast-higher-2018-10-10-world-grain.md) | +4.0% | +4.0% |
| CORN | 2025-07-11 | [Brazil raises forecast for record grain harvest](https://feedsoft.ai/events/13484-brazil-raises-forecast-for-record-grain-harvest.md) | -0.7% | -1.5% |
| CORN | 2022-09-01 | [Conab forecasts increased soybean, corn, and cotton production in Brazil](https://feedsoft.ai/events/13701-conab-forecasts-increased-soybean-corn-and-cotton-production-in-brazil.md) | -1.8% | -2.9% |
| SOY | 2025-07-11 | [Brazil raises forecast for record grain harvest](https://feedsoft.ai/events/13484-brazil-raises-forecast-for-record-grain-harvest.md) | +0.9% | -4.0% |
| SOY | 2022-09-01 | [Conab forecasts increased soybean, corn, and cotton production in Brazil](https://feedsoft.ai/events/13701-conab-forecasts-increased-soybean-corn-and-cotton-production-in-brazil.md) | -2.5% | -6.4% |
| SOY | 2017-04-11 | [Brazil: CONAB forecast of soya bean and maize harvest](https://feedsoft.ai/events/71352-brazil-conab-forecast-of-soya-bean-and-maize-harvest.md) | +0.5% | +2.5% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/brazil-lifts-grain-output-forecast-on-better-second-corn-outlook-conab/

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