# Brazilian crop prospects improve but bean harvest delayed | Farm Online | ACT

> A poll of 13 analysts pegged Brazil's 2020/21 soybean crop at 132.2 million tonnes, up from December, and USDA forecasts 133 million tonnes. Mato Grosso yields are expected to be lower, offset by improved outlooks elsewhere, and heavy rain and flooding in Parana and Rio Grande do Sul raise concerns.

- Date: 2021-02-03 · published 2021-02-03T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/48468-brazilian-crop-prospects-improve-but-bean-harvest-delayed-farm-online-act
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A record Brazilian crop eases global soybean supply concerns, which is bearish for soybean and meal prices, though delayed harvest and corn spillover partly offset this.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-06-30 | [Declines in 2020 Corn and Soybeans Harvest-time Futures Contracts in Perspective - farmdoc daily](https://feedsoft.ai/events/52655-declines-in-2020-corn-and-soybeans-harvest-time-futures-contracts-in.md) | +3.3% | +3.5% |
| SOY | 2017-04-11 | [Brazil: CONAB forecast of soya bean and maize harvest](https://feedsoft.ai/events/71352-brazil-conab-forecast-of-soya-bean-and-maize-harvest.md) | +0.5% | +2.5% |
| SOY | 2020-03-10 | [World soy stocks to swell as Brazil, Argentina harvest prospects rise \| Financial Post](https://feedsoft.ai/events/54091-world-soy-stocks-to-swell-as-brazil-argentina-harvest-prospects-rise-financial.md) | -4.8% | -0.9% |
| SOY | 2020-02-12 | [Brazil's Soybean Harvest 16% Complete](https://feedsoft.ai/events/54461-brazil-s-soybean-harvest-16-complete.md) | +1.4% | -1.9% |
| SOY | 2017-08-15 | [Industry doubts on high USDA grain production figures  \| Farm Online \| ACT](https://feedsoft.ai/events/69395-industry-doubts-on-high-usda-grain-production-figures-farm-online-act.md) | +0.8% | +2.0% |
| SBM | 2017-04-11 | [Brazil: CONAB forecast of soya bean and maize harvest](https://feedsoft.ai/events/71352-brazil-conab-forecast-of-soya-bean-and-maize-harvest.md) | +1.0% | +1.6% |
| SBM | 2020-03-10 | [World soy stocks to swell as Brazil, Argentina harvest prospects rise \| Financial Post](https://feedsoft.ai/events/54091-world-soy-stocks-to-swell-as-brazil-argentina-harvest-prospects-rise-financial.md) | -0.1% | +0.1% |
| SBM | 2018-11-10 | [Weather has contributed to good results of Brazil's 2018/2019 harvest \| Agrifish  \| POST Online Media](https://feedsoft.ai/events/61884-weather-has-contributed-to-good-results-of-brazil-s-2018-2019-harvest-agrifish.md) | +1.7% | +1.1% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/7105665/late-soybean-harvest-in-brazil-becomes-a-massive-issue-for-global-corn-supply/

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