# Safrinha Corn Projections Shrink as Prices in Brazil Hit Record High - farmdoc daily

> Safras & Mercado cut its Brazilian safrinha corn forecast by 27% from January, to 2,425 million bushels, after drought in south-central Brazil and frosts on June 29 and 30. The average cash price in May reached a record in real terms, the highest since 2004.

- Date: 2021-06-30 · published 2021-06-30T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/46415-safrinha-corn-projections-shrink-as-prices-in-brazil-hit-record-high-farmdoc
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower safrinha output and record Brazilian cash prices reduce the export supply available to global feed buyers and support corn prices.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-12-12 | [Brazil Cuts Its Soybean and Corn Production Projections for 2024 - farmdoc daily](https://feedsoft.ai/events/13604-brazil-cuts-its-soybean-and-corn-production-projections-for-2024-farmdoc-daily.md) | +1.9% | +0.1% |
| 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 | 2024-05-10 | [Hot and Dry Weather Impacting Safrinha Corn in Brazil](https://feedsoft.ai/events/13570-hot-and-dry-weather-impacting-safrinha-corn-in-brazil.md) | +2.4% | +2.7% |
| CORN | 2022-02-25 | [March Forecast Difficult for Safrinha Corn in Brazil](https://feedsoft.ai/events/13739-march-forecast-difficult-for-safrinha-corn-in-brazil.md) | +6.6% | +10.3% |
| CORN | 2025-03-25 | [Brazil faces inflation risks as surging corn prices eclipse rice plunge](https://feedsoft.ai/events/25593-brazil-faces-inflation-risks-as-surging-corn-prices-eclipse-rice-plunge.md) | -1.5% | +3.1% |

## Sources

- farmdocdaily.illinois.edu: https://farmdocdaily.illinois.edu/2021/06/safrinha-corn-projections-shrink-as-prices-in-brazil-hit-record-high.html

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