# Early rains boost hopes for record Brazilian corn, soybean output in 2022-23 - Grain Price News

> Conab's first detailed 2022-23 forecast puts Brazil's soybean output at a record 152.4 million tonnes, up 26.8 million year on year. Corn output expectations were also edged higher after early rains supported sowing.

- Date: 2022-10-06 · published 2022-10-06T12:00:00.000Z
- Category: report · region Brazil · magnitude high
- Page: https://feedsoft.ai/events/13693-early-rains-boost-hopes-for-record-brazilian-corn-soybean-output-in-2022-23
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A larger-than-expected Brazilian crop increases export supply and pressures global soybean and corn prices, with feed buyers benefiting from cheaper meal and grain.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-06-08 | [Record output of soybean and corn lead to a harvest estimate 29.2% bigger than in 2016  \| News Agency](https://feedsoft.ai/events/70327-record-output-of-soybean-and-corn-lead-to-a-harvest-estimate-29-2-bigger-than.md) | +0.1% | +5.4% |
| SOY | 2024-08-22 | [Record US soybean crop forecast in 2024 \| World Grain](https://feedsoft.ai/events/28788-record-us-soybean-crop-forecast-in-2024-world-grain.md) | -0.5% | +5.2% |
| SOY | 2023-05-22 | [IGC sees record total grains output in 2023-24 \| World Grain](https://feedsoft.ai/events/35982-igc-sees-record-total-grains-output-in-2023-24-world-grain.md) | +2.3% | +13.0% |
| SOY | 2022-09-02 | [Brazilian Corn and Soybean 2022/2023 Crop Preview \| Weekly Crop Update](https://feedsoft.ai/events/13698-brazilian-corn-and-soybean-2022-2023-crop-preview-weekly-crop-update.md) | +1.1% | -7.3% |
| 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% |
| SBM | 2017-06-08 | [Record output of soybean and corn lead to a harvest estimate 29.2% bigger than in 2016  \| News Agency](https://feedsoft.ai/events/70327-record-output-of-soybean-and-corn-lead-to-a-harvest-estimate-29-2-bigger-than.md) | -1.0% | +5.0% |
| SBM | 2022-09-02 | [Brazilian Corn and Soybean 2022/2023 Crop Preview \| Weekly Crop Update](https://feedsoft.ai/events/13698-brazilian-corn-and-soybean-2022-2023-crop-preview-weekly-crop-update.md) | -4.9% | -7.5% |
| SBM | 2025-07-11 | [Brazil raises forecast for record grain harvest](https://feedsoft.ai/events/13484-brazil-raises-forecast-for-record-grain-harvest.md) | -0.0% | +2.2% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/10/06/early-rains-boost-hopes-for-record-brazilian-corn-soybean-output-in-2022-23/

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