# Brazil’s soy growth expected to slow next year

> Brazil's second-corn harvest passed the halfway mark, with Mato Grosso 84% complete. Crop estimates range from Conab's 127 million tons to a crop-tour figure of 137 million tons overall, with USDA at 133 million tons.

- Date: 2023-07-28 · published 2023-07-28T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13639-brazil-s-soy-growth-expected-to-slow-next-year
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Wide estimate ranges and a large crop with limited storage point to heavy export supply and downward pressure on corn prices. Slow harvest in Parana and other states adds timing uncertainty.

## Read by commodity

- SOY: neutral
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-06-11 | [Grain harvest in Brazil expected to surpass 238 mi tons \| Agência Brasil](https://feedsoft.ai/events/58428-grain-harvest-in-brazil-expected-to-surpass-238-mi-tons-agencia-brasil.md) | +6.2% | +3.2% |
| CORN | 2021-05-18 | [Corn Production Expected to Grow in 2021](https://feedsoft.ai/events/47087-corn-production-expected-to-grow-in-2021.md) | +0.7% | +3.5% |
| CORN | 2026-10-13 | [U.S. soybean yields expected to set a new record this fall](https://feedsoft.ai/events/12953-u-s-soybean-yields-expected-to-set-a-new-record-this-fall.md) | -2.0% | — |
| CORN | 2022-12-20 | [Coceral expects European grain output to rise next year - Markets - Business Recorder](https://feedsoft.ai/events/38166-coceral-expects-european-grain-output-to-rise-next-year-markets-business.md) | +2.9% | +4.3% |
| CORN | 2025-12-30 | [Growers Expected to Set New Record Average Yields Despite Seasonal Setbacks](https://feedsoft.ai/events/13030-growers-expected-to-set-new-record-average-yields-despite-seasonal-setbacks.md) | +0.0% | -2.1% |
| SOY | 2026-10-13 | [U.S. soybean yields expected to set a new record this fall](https://feedsoft.ai/events/12953-u-s-soybean-yields-expected-to-set-a-new-record-this-fall.md) | -2.4% | — |
| SOY | 2018-06-27 | [New Trase Yearbook highlights deforestation linked to exports of Brazilian soy \| SEI](https://feedsoft.ai/events/64539-new-trase-yearbook-highlights-deforestation-linked-to-exports-of-brazilian-soy.md) | -2.7% | -0.7% |
| SOY | 2025-02-28 | [US soybeans production to fall in next marketing year: USDA](https://feedsoft.ai/events/26096-us-soybeans-production-to-fall-in-next-marketing-year-usda.md) | -0.9% | -0.6% |

## Sources

- farmprogress.com: https://www.farmprogress.com/commentary/brazil-s-soy-growth-expected-to-slow-next-year

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