# Brazil forecasts 110m tons of soybeans and 25m tons of corn in 2017/18 harvest — MercoPress

> Conab raised its 2017-18 Brazilian soybean forecast to 110.44 million tonnes from 109.18 million in December, and kept soybean planted area near 34.99 million hectares. Yields were revised up to 3,156 kg/ha, though still below the 2016-17 record. Brazil's corn estimate was raised to around 25 million tonnes.

- Date: 2018-01-15 · published 2018-01-15T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/66834-brazil-forecasts-110m-tons-of-soybeans-and-25m-tons-of-corn-in-2017-18-harvest
- 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

Higher Conab estimates point to ample Brazilian export supply, which is bearish for soybeans and meal, with corn revisions also weighing modestly on prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2017-04-06 | [Brazil To Harvest Record Corn And Soybean Yields](https://feedsoft.ai/events/71350-brazil-to-harvest-record-corn-and-soybean-yields.md) | +0.4% | +2.2% |
| SOY | 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) | -2.5% | -6.4% |
| SOY | 2023-07-19 | [Safras & Mercado Forecasts Brazil Soy to Increase 4.5% in 2023/24](https://feedsoft.ai/events/13640-safras-and-mercado-forecasts-brazil-soy-to-increase-4-5-in-2023-24.md) | +1.6% | -11.3% |
| SOY | 2017-01-01 | [Corn and Soybean Production Outlook in 2017-18](https://feedsoft.ai/events/72931-corn-and-soybean-production-outlook-in-2017-18.md) | 0.0% | +2.8% |
| CORN | 2017-02-16 | [Brazil forecasts record soy and corn harvests, on good climate conditions — MercoPress](https://feedsoft.ai/events/72331-brazil-forecasts-record-soy-and-corn-harvests-on-good-climate-conditions.md) | -0.3% | -1.5% |
| CORN | 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) | -1.1% | +0.9% |
| CORN | 2017-04-06 | [Brazil To Harvest Record Corn And Soybean Yields](https://feedsoft.ai/events/71350-brazil-to-harvest-record-corn-and-soybean-yields.md) | +0.6% | -0.3% |

## Sources

- en.mercopress.com: https://en.mercopress.com/2018/01/15/brazil-forecasts-110m-tons-of-soybeans-and-25m-tons-of-corn-in-2017-18-harvest

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