# Brazilian crop of corn will set new record despite regional problems

> SAFRAS & Mercado expects Brazil's second-crop corn to set a record, with the Center-South summer crop revised up to 24.8 million tons on higher yields. Rio Grande do Sul was hit by La Nina, but its output was above market expectations and the state is resuming corn exports.

- Date: 2023-06-02 · published 2023-06-02T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13642-brazilian-crop-of-corn-will-set-new-record-despite-regional-problems
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A record Brazilian crop with recovering exports adds to global corn supply and puts downward pressure on corn prices during the export season.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-07-01 | [Despite Drought Brazil On Track to Harvest Record Safrinha Corn Crop](https://feedsoft.ai/events/13714-despite-drought-brazil-on-track-to-harvest-record-safrinha-corn-crop.md) | +3.4% | -13.7% |
| CORN | 2023-05-24 | [Brazil expects record second corn crop - DatamarNews](https://feedsoft.ai/events/13647-brazil-expects-record-second-corn-crop-datamarnews.md) | -3.4% | -0.1% |
| CORN | 2017-07-14 | [Brazil’s big corn crop will make you nervous](https://feedsoft.ai/events/69801-brazil-s-big-corn-crop-will-make-you-nervous.md) | +5.3% | -1.2% |
| CORN | 2021-09-22 | [Brazil Starts Planting Grain Crop with Forecast of a New Record - farmdoc daily](https://feedsoft.ai/events/44914-brazil-starts-planting-grain-crop-with-forecast-of-a-new-record-farmdoc-daily.md) | +1.6% | +2.0% |
| CORN | 2017-08-10 | [Brazil to forecast new record crop  \| News Agency](https://feedsoft.ai/events/69284-brazil-to-forecast-new-record-crop-news-agency.md) | -4.5% | -6.5% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/brazilian-crop-of-corn-will-set-new-record-despite-regional-problems/

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