# May figures reinforce record harvest estimate for 2020  | News Agency

> IBGE's May LSPA survey put Brazil's 2020 grain, legume and oilseed output at a record 245.9 million tonnes, up 1.8% from 2019. Soybeans were raised to about 119.4 million tonnes, though that is 1.4% below April's estimate because of drought in Rio Grande do Sul. The survey also says the strong dollar is encouraging wheat planting.

- Date: 2020-06-09 · published 2020-06-09T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/52441-may-figures-reinforce-record-harvest-estimate-for-2020-news-agency
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A record Brazilian crop, especially soybeans, adds export supply and weighs on soybean and meal prices. A strong real favors farmer selling and planting of wheat and other crops.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: neutral
- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-06-12 | [IBGE: in May, harvest estimate for 2025 is 332.6 million tonnes \| News Agency](https://feedsoft.ai/events/13492-ibge-in-may-harvest-estimate-for-2025-is-332-6-million-tonnes-news-agency.md) | +2.3% | -4.4% |
| SOY | 2020-08-11 | [IBGE: In July, estimated harvest increase for 2020 is 3.8% \| News Agency](https://feedsoft.ai/events/51441-ibge-in-july-estimated-harvest-increase-for-2020-is-3-8-news-agency.md) | +4.1% | +11.0% |
| SOY | 2025-07-10 | [June estimate points to record harvest of 333.3 million tonnes in 2025, rise of 13.9% \| News Agency](https://feedsoft.ai/events/13487-june-estimate-points-to-record-harvest-of-333-3-million-tonnes-in-2025-rise-of.md) | +0.1% | -5.0% |
| SOY | 2017-07-11 | [June estimate indicates grain harvest increase of 30.1% against 2016 figure \| News Agency](https://feedsoft.ai/events/69793-june-estimate-indicates-grain-harvest-increase-of-30-1-against-2016-figure-news.md) | -3.5% | -5.9% |
| SOY | 2022-10-06 | [In September, IBGE expects record harvest of 261.9 million tonnes for 2022 \| News Agency](https://feedsoft.ai/events/13692-in-september-ibge-expects-record-harvest-of-261-9-million-tonnes-for-2022-news.md) | +1.9% | +5.1% |
| CORN | 2025-06-12 | [IBGE: in May, harvest estimate for 2025 is 332.6 million tonnes \| News Agency](https://feedsoft.ai/events/13492-ibge-in-may-harvest-estimate-for-2025-is-332-6-million-tonnes-news-agency.md) | +0.0% | -4.5% |
| CORN | 2020-08-11 | [IBGE: In July, estimated harvest increase for 2020 is 3.8% \| News Agency](https://feedsoft.ai/events/51441-ibge-in-july-estimated-harvest-increase-for-2020-is-3-8-news-agency.md) | +4.8% | +7.5% |
| CORN | 2019-10-10 | [September estimates indicate record grain crop for 2019 \| News Agency](https://feedsoft.ai/events/56405-september-estimates-indicate-record-grain-crop-for-2019-news-agency.md) | +0.1% | -1.3% |

## Sources

- agenciadenoticias.ibge.gov.br: https://agenciadenoticias.ibge.gov.br/en/agencia-news/2184-news-agency/news/27921-may-figures-reinforce-record-harvest-estimate-for-2020

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