# Lack of rain delays planting and reduces corn crop forecast in 2018 | News Agency

> Brazil's IBGE cut its November forecast for the 2018 harvest by 700,000 metric tons to 219.5 million, 9.2% below 2017. The second corn crop estimate fell from 59 million to 57.9 million tons because a lack of rain in September and October delayed soybean planting, and corn is planted after soybeans. IBGE said the number could be revised upward as weather improves.

- Date: 2017-12-12 · published 2017-12-12T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/67325-lack-of-rain-delays-planting-and-reduces-corn-crop-forecast-in-2018-news-agency
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A smaller Brazilian safrinha corn crop tightens export supplies and supports corn prices, though the possible upward revision limits the upside.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-12-28 | [FORECAST - Will corn prices achieve a sixth successive year of gains in 2023? - Grain Price News](https://feedsoft.ai/events/38239-forecast-will-corn-prices-achieve-a-sixth-successive-year-of-gains-in-2023.md) | +0.1% | -0.4% |
| CORN | 2021-10-19 | [In October, the USDA reduced its grain crop and export forecasts for the Black Sea region 19.10.2021 - UkrAgroConsult](https://feedsoft.ai/events/44402-in-october-the-usda-reduced-its-grain-crop-and-export-forecasts-for-the-black.md) | +0.7% | +10.3% |
| CORN | 2018-09-19 | [COCERAL revises E.U. crop forecast downward \| 2018-09-19  \| World Grain](https://feedsoft.ai/events/62960-coceral-revises-e-u-crop-forecast-downward-2018-09-19-world-grain.md) | +4.5% | +6.5% |
| CORN | 2019-08-12 | [Farm Service Agency Cites Record Number of Prevented Planting Acres](https://feedsoft.ai/events/11739-farm-service-agency-cites-record-number-of-prevented-planting-acres.md) | -6.0% | -8.6% |
| CORN | 2024-04-16 | [USDA revises corn and sorghum forecasts for 2023/24 \| Feed & Grain](https://feedsoft.ai/events/30811-usda-revises-corn-and-sorghum-forecasts-for-2023-24-feed-and-grain.md) | -0.3% | +3.3% |

## Sources

- agenciadenoticias.ibge.gov.br: https://agenciadenoticias.ibge.gov.br/en/agencia-news/2184-news-agency/news/18698-lack-of-rain-delays-planting-and-reduces-corn-crop-forecast-in-2018

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