# Rabobank: Soy up and corn down in Brazil - Food & Agribusiness

> Rabobank's Brazil Agribusiness Quarterly expects Brazil's soybean crop at 114 million tonnes, matching the 2016/17 record. It forecasts summer corn output of 25 million tonnes, the lowest in 20 years, on the smallest planted area since 1976. Attention shifts to the safrinha crop, whose planting is delayed versus 2017.

- Date: 2018-04-11 · published 2018-04-11T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/65343-rabobank-soy-up-and-corn-down-in-brazil-food-and-agribusiness
- 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 soybean crop boosts Brazilian meal and export supply, while a very small summer corn crop tightens domestic corn supply and puts the safrinha crop in focus for prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-08-14 | [Brazil: Estimates for corn and soybean crop are raised again](https://feedsoft.ai/events/69285-brazil-estimates-for-corn-and-soybean-crop-are-raised-again.md) | +0.2% | +2.1% |
| SOY | 2023-05-23 | [USDA forecasts record-large corn, soy production in 2023 \| Food Business News](https://feedsoft.ai/events/13277-usda-forecasts-record-large-corn-soy-production-in-2023-food-business-news.md) | -3.3% | +12.9% |
| SOY | 2019-08-12 | [Brazil harvests 241 million tonnes of grains - Food & Agribusiness](https://feedsoft.ai/events/57422-brazil-harvests-241-million-tonnes-of-grains-food-and-agribusiness.md) | -0.7% | -3.3% |
| SOY | 2018-02-09 | [Corn price in sweet spot, soybeans may falter \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/66525-corn-price-in-sweet-spot-soybeans-may-falter-iowa-agribusiness-radio-network.md) | +3.7% | +4.2% |
| SOY | 2018-02-23 | [Iowa records second largest corn, soybean crop in 2017 \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/66349-iowa-records-second-largest-corn-soybean-crop-in-2017-iowa-agribusiness-radio.md) | +2.5% | -0.2% |
| SBM | 2017-08-14 | [Brazil: Estimates for corn and soybean crop are raised again](https://feedsoft.ai/events/69285-brazil-estimates-for-corn-and-soybean-crop-are-raised-again.md) | -0.3% | +0.3% |
| SBM | 2023-05-23 | [USDA forecasts record-large corn, soy production in 2023 \| Food Business News](https://feedsoft.ai/events/13277-usda-forecasts-record-large-corn-soy-production-in-2023-food-business-news.md) | -2.5% | +0.5% |
| SBM | 2022-09-01 | [Conab forecasts increased soybean, corn, and cotton production in Brazil](https://feedsoft.ai/events/13701-conab-forecasts-increased-soybean-corn-and-cotton-production-in-brazil.md) | -4.6% | -6.4% |

## Sources

- foodagribusiness.world: https://www.foodagribusiness.world/feed/rabobank-soy-up-and-corn-down-in-brazil

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