# Conab Lowers Brazil's 2021/22 Soybean Production 15 Million Tons

> Conab cut its 2021/22 Brazil soybean estimate by 15 million tons to 125.47 million, citing a severe southern drought. The corn estimate was trimmed 0.56 million tons to 112.34 million. Soybean yields in the hardest-hit areas fell 60-80%.

- Date: 2022-02-11 · published 2022-02-11T12:00:00.000Z
- Category: report · region Brazil · magnitude high
- Page: https://feedsoft.ai/events/13741-conab-lowers-brazil-s-2021-22-soybean-production-15-million-tons
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A 15 million ton soybean cut removes a large share of Brazil's export supply, supporting soybean and meal prices. Feed buyers face higher protein meal costs as global soy supplies tighten.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-08-11 | [USDA Lowers Corn and Soybean Yields and Production](https://feedsoft.ai/events/12250-usda-lowers-corn-and-soybean-yields-and-production.md) | -5.3% | -4.4% |
| SOY | 2019-09-12 | [USDA Lowers Corn, Soybean Production and Yield - ProAg](https://feedsoft.ai/events/9896-usda-lowers-corn-soybean-production-and-yield-proag.md) | +4.1% | +8.2% |
| SOY | 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) | +2.0% | -1.1% |
| SOY | 2024-09-12 | [Corn Production Pegged Higher, Soybeans Lower](https://feedsoft.ai/events/28253-corn-production-pegged-higher-soybeans-lower.md) | +3.5% | +4.1% |
| SOY | 2020-10-09 | [USDA Lowers Soybean Ending Stocks, Trims Production](https://feedsoft.ai/events/50595-usda-lowers-soybean-ending-stocks-trims-production.md) | +1.2% | +4.9% |
| SBM | 2023-08-11 | [USDA Lowers Corn and Soybean Yields and Production](https://feedsoft.ai/events/12250-usda-lowers-corn-and-soybean-yields-and-production.md) | -5.6% | -6.0% |
| SBM | 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) | -0.6% | -2.8% |
| SBM | 2024-09-12 | [Corn Production Pegged Higher, Soybeans Lower](https://feedsoft.ai/events/28253-corn-production-pegged-higher-soybeans-lower.md) | +1.3% | +2.4% |

## Sources

- soybeansandcorn.com: https://www.soybeansandcorn.com/articles/9108/?page=1

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