# December rainfall helps to improve harvest forecast for 2018 | News Agency

> IBGE raised its 2018 Brazilian grain harvest forecast by 2.2% to 224.3 million tonnes after December rains improved conditions. Soybeans are projected at 112.3 million tonnes, rice at 11.7 million and corn at 26.6 million (first crop) and 57.9 million (second crop). The total is still below the record 2017 harvest of 240.6 million tonnes.

- Date: 2018-01-11 · published 2018-01-11T12:00:00.000Z
- Category: report · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/66831-december-rainfall-helps-to-improve-harvest-forecast-for-2018-news-agency
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A larger Brazilian soybean and corn crop forecast adds to export supply, which is mildly bearish for global soy and corn prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-11-14 | [IBGE forecasts harvest of 311.0 million tonnes for 2025, rise of 5.8% over 2024 \| News Agency](https://feedsoft.ai/events/13534-ibge-forecasts-harvest-of-311-0-million-tonnes-for-2025-rise-of-5-8-over-2024.md) | -1.4% | -0.8% |
| SOY | 2025-01-14 | [IBGE forecasts harvest of 322.6 million tonnes for 2025, a growth of 10.2% over 2024 \| News Agency](https://feedsoft.ai/events/13521-ibge-forecasts-harvest-of-322-6-million-tonnes-for-2025-a-growth-of-10-2-over.md) | +2.5% | +0.2% |
| 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% |
| SOY | 2017-08-10 | [Brazil to forecast new record crop  \| News Agency](https://feedsoft.ai/events/69284-brazil-to-forecast-new-record-crop-news-agency.md) | -4.3% | +0.0% |
| SOY | 2020-06-09 | [May figures reinforce record harvest estimate for 2020  \| News Agency](https://feedsoft.ai/events/52441-may-figures-reinforce-record-harvest-estimate-for-2020-news-agency.md) | +0.5% | +3.5% |
| CORN | 2024-11-14 | [IBGE forecasts harvest of 311.0 million tonnes for 2025, rise of 5.8% over 2024 \| News Agency](https://feedsoft.ai/events/13534-ibge-forecasts-harvest-of-311-0-million-tonnes-for-2025-rise-of-5-8-over-2024.md) | +0.2% | +0.4% |
| CORN | 2025-01-14 | [IBGE forecasts harvest of 322.6 million tonnes for 2025, a growth of 10.2% over 2024 \| News Agency](https://feedsoft.ai/events/13521-ibge-forecasts-harvest-of-322-6-million-tonnes-for-2025-a-growth-of-10-2-over.md) | +1.0% | +3.3% |
| CORN | 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) | +0.8% | +0.2% |

## Sources

- agenciadenoticias.ibge.gov.br: https://agenciadenoticias.ibge.gov.br/en/agencia-news/2184-news-agency/news/19495-december-rainfall-helps-to-improve-harvest-forecast-for-2018

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