
USDA FAS projects Brazil's 2026-27 corn crop at 136 million tonnes, up 1.5% from 134 million in 2025-26, with planted area rising to 23 million hectares. Corn consumption is forecast at 96.3 million tonnes, and the shift toward corn is driven by ethanol demand and better margins versus rice and wheat.
A larger Brazilian corn crop and rising domestic ethanol use add export supply competition while also supporting feed grain availability, pressuring global corn prices modestly.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.