# Officials upgrade Brazil corn harvest - even as farming giant cuts its own yield hopes - Grain Price News

> Conab raised its 2021/22 Brazil corn forecast by 440,000 tonnes to 115.7 million tonnes and lifted the second-crop estimate to a record 88.45 million tonnes. The agency warned that about 19% of second-crop corn is still affected by dryness. SLC Agricola cut its safrinha yield expectations for a second time due to dryness and cold damage.

- Date: 2022-07-07 · published 2022-07-07T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13708-officials-upgrade-brazil-corn-harvest-even-as-farming-giant-cuts-its-own-yield
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A record second crop and higher export expectations increase corn supply, which is bearish for feed corn prices. Yield losses from dryness in some areas partly offset the bearish effect.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-10-06 | [Early rains boost hopes for record Brazilian corn, soybean output in 2022-23 - Grain Price News](https://feedsoft.ai/events/13693-early-rains-boost-hopes-for-record-brazilian-corn-soybean-output-in-2022-23.md) | +0.8% | +0.2% |
| CORN | 2016-11-11 | [Soybeans, corn down watching end of harvest, South America - Brownfield Ag News](https://feedsoft.ai/events/73884-soybeans-corn-down-watching-end-of-harvest-south-america-brownfield-ag-news.md) | -3.6% | -0.7% |
| CORN | 2019-03-12 | [Brazil raises corn crop estimate, cuts soybeans - Brownfield Ag News](https://feedsoft.ai/events/59926-brazil-raises-corn-crop-estimate-cuts-soybeans-brownfield-ag-news.md) | +5.0% | -0.3% |
| CORN | 2017-11-09 | [USDA boosts corn harvest view above expectations on record yields - Grainews](https://feedsoft.ai/events/67930-usda-boosts-corn-harvest-view-above-expectations-on-record-yields-grainews.md) | -1.8% | -0.8% |
| CORN | 2017-09-08 | [Brazil to plant 2 to 5% fewer corn acres - Brownfield Ag News](https://feedsoft.ai/events/68797-brazil-to-plant-2-to-5-fewer-corn-acres-brownfield-ag-news.md) | -0.4% | +4.4% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/07/07/officials-upgrade-brazil-corn-harvest-even-as-farming-giant-cuts-its-own-yield-hopes/

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