# W12 Maize (Corn) Update: Brazil's 2023/24 Safrinha Corn Crop Faces Dryness Concerns, Conab Reduces 2023/24 Corn Production Estimates

> Conab lowered its 2023/24 Brazilian corn production estimate in its March crop report due to dryness concerns in south-central Brazil. Brazil's safrinha corn was 93% planted, with a heat dome forecast raising soil moisture worries. Mato Grosso corn exports surged from July to February, and Argentine harvest lagged on wet weather.

- Date: 2024-03-30 · published 2024-03-30T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/31219-w12-maize-corn-update-brazil-s-2023-24-safrinha-corn-crop-faces-dryness
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

A lower Brazilian safrinha estimate tightens export supply and supports corn prices, as strong Chinese and other demand draws on Brazilian and Argentine origins.

## Read by commodity

- CORN: bullish ▲
- DDGS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-11-06 | [2023/24 Brazil’s Safrinha Corn Could be Problematic](https://feedsoft.ai/events/13614-2023-24-brazil-s-safrinha-corn-could-be-problematic.md) | -0.5% | -0.9% |
| CORN | 2024-03-18 | [2023/24 Brazil Safrinha Corn 93% Planted](https://feedsoft.ai/events/13582-2023-24-brazil-safrinha-corn-93-planted.md) | +0.4% | -6.3% |
| CORN | 2022-03-31 | [Long-Range Concerns for Safrinha Corn in Brazil](https://feedsoft.ai/events/13732-long-range-concerns-for-safrinha-corn-in-brazil.md) | +4.1% | +5.9% |
| CORN | 2022-05-24 | [BRAZIL CORN WATCH: Frost damage limited, dryness concerns remain \| S&P Global](https://feedsoft.ai/events/13719-brazil-corn-watch-frost-damage-limited-dryness-concerns-remain-s-and-p-global.md) | -2.1% | -3.0% |
| CORN | 2022-04-28 | [Widespread Dryness Impacting 2021/22 Safrinha Corn in Brazil 28.04.2022 - UkrAgroConsult](https://feedsoft.ai/events/13726-widespread-dryness-impacting-2021-22-safrinha-corn-in-brazil-28-04-2022.md) | -7.5% | -2.6% |

## Sources

- tridge.com: https://www.tridge.com/weekly-product-updates/w12-maize-corn-update-brazils-202324-safrinha-corn-crop-faces-dryness-concerns

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