# Brazil crop production outlook

> Conab's December report raised Brazil's soybean area by 400,000 acres to 107.2 million acres while trimming projected soybean yield to 52.5 bushels per acre. Corn yield was cut by nearly 0.5 bushels per acre to 89.5, lowering Brazil's total corn production by about 600,000 tons to 125.8 million tonnes. Most of the corn reduction came from the first crop, mainly in Rio Grande do Sul.

- Date: 2022-12-23 · published 2022-12-23T12:00:00.000Z
- Category: report · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/13682-brazil-crop-production-outlook
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A smaller Brazilian corn estimate reduces export supply from a major competitor, which is mildly supportive for corn prices. The soybean area increase partly offsets the yield cut.

## Read by commodity

- SOY: neutral
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-01-13 | [2022 Final Crop Production Report](https://feedsoft.ai/events/13306-2022-final-crop-production-report.md) | +0.4% | +0.2% |
| CORN | 2024-05-10 | [USDA Lowers Estimates for Brazil Corn and Soy Production](https://feedsoft.ai/events/30215-usda-lowers-estimates-for-brazil-corn-and-soy-production.md) | +2.4% | +2.7% |
| CORN | 2022-05-13 | [USDA: U.S. Corn Production to Drop 4.3%](https://feedsoft.ai/events/13358-usda-u-s-corn-production-to-drop-4-3.md) | -1.0% | -1.1% |
| CORN | 2020-08-21 | [Poultry Outlook: August 2020 - Poultry Producer](https://feedsoft.ai/events/51767-poultry-outlook-august-2020-poultry-producer.md) | +3.5% | +11.2% |
| CORN | 2020-01-07 | [Brazil’s corn crop set to fall following low Rio Grande do Sul production - DatamarNews](https://feedsoft.ai/events/54916-brazil-s-corn-crop-set-to-fall-following-low-rio-grande-do-sul-production.md) | +0.9% | -1.1% |
| SOY | 2020-04-21 | [Soybean Crush Outlook - ProAg](https://feedsoft.ai/events/53722-soybean-crush-outlook-proag.md) | +0.3% | +2.2% |
| SOY | 2020-03-06 | [Scientists Release Crop Production Outlook under Shadow of Locusts----Chinese Academy of Sciences](https://feedsoft.ai/events/54061-scientists-release-crop-production-outlook-under-shadow-of-locusts-chinese.md) | -3.8% | -3.4% |
| SOY | 2017-09-19 | [Corn and soybean production outlook in 2017-18 \| Illinois Extension \| Illinois](https://feedsoft.ai/events/68799-corn-and-soybean-production-outlook-in-2017-18-illinois-extension-illinois.md) | +0.4% | +2.4% |

## Sources

- farmprogress.com: https://www.farmprogress.com/commentary/brazil-crop-production-outlook

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