# Brazilian Corn and Soybean 2022/2023 Crop Preview | Weekly Crop Update

> Conab forecasts Brazil's 2022/23 grain season could be the largest on record, with soybean output up 21.2% and corn up 9.4% from last season's drought-hit levels. Planted acreage is projected to rise 2.5%, with yields recovering about 17% for soybeans and 6% for corn.

- Date: 2022-09-02 · published 2022-09-02T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13698-brazilian-corn-and-soybean-2022-2023-crop-preview-weekly-crop-update
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A larger Brazilian crop and expected export growth, especially to China, add supply that tends to pressure soybean and corn prices. A weaker real encouraging more planting reinforces that bearish supply outlook.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-01-17 | [2023 Corn and Soybean Yields](https://feedsoft.ai/events/13212-2023-corn-and-soybean-yields.md) | +1.0% | -3.3% |
| SOY | 2017-08-14 | [Brazil: Estimates for corn and soybean crop are raised again](https://feedsoft.ai/events/69285-brazil-estimates-for-corn-and-soybean-crop-are-raised-again.md) | +0.2% | +2.1% |
| SOY | 2022-08-29 | [Pro Farmer Releases 2022 National Corn and Soybean Crop Estimates - Pro Farmer](https://feedsoft.ai/events/13335-pro-farmer-releases-2022-national-corn-and-soybean-crop-estimates-pro-farmer.md) | -5.9% | -12.1% |
| SOY | 2018-07-13 | [WASDE Review July 2018 : Soybean / Wheat / Corn](https://feedsoft.ai/events/64002-wasde-review-july-2018-soybean-wheat-corn.md) | +1.9% | +7.0% |
| SOY | 2024-10-01 | [Corn and Soybean Prices Collapse Due to Big Crop Estimates](https://feedsoft.ai/events/27882-corn-and-soybean-prices-collapse-due-to-big-crop-estimates.md) | -2.2% | -7.9% |
| CORN | 2024-12-27 | [W51 2024: Soybean Weekly Update](https://feedsoft.ai/events/11400-w51-2024-soybean-weekly-update.md) | -0.5% | +5.6% |
| CORN | 2024-01-17 | [2023 Corn and Soybean Yields](https://feedsoft.ai/events/13212-2023-corn-and-soybean-yields.md) | +0.2% | -4.9% |
| CORN | 2017-08-14 | [Brazil: Estimates for corn and soybean crop are raised again](https://feedsoft.ai/events/69285-brazil-estimates-for-corn-and-soybean-crop-are-raised-again.md) | -2.0% | -4.4% |

## Sources

- sites.udel.edu: https://sites.udel.edu/weeklycropupdate/?p=21174

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