# Brazil to forecast new record crop  | News Agency

> Brazil's IBGE estimated the July 2017 national grain crop at a record 242.1 million metric tons, up 31.1% from 2016 and 0.7% above the June projection. Soybean output was put at 115.0 million tons and corn at 99.4 million tons, both records, helped by good rainfall and higher planting areas.

- Date: 2017-08-10 · published 2017-08-10T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/69284-brazil-to-forecast-new-record-crop-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 record Brazilian soybean and corn crop adds large export supply during the Northern Hemisphere marketing window, which is bearish for world soybean and corn prices and for meal and feed costs.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-05-15 | [Brazil raises forecast for record harvest](https://feedsoft.ai/events/13434-brazil-raises-forecast-for-record-harvest.md) | +1.7% | -5.2% |
| SOY | 2021-09-22 | [Brazil Starts Planting Grain Crop with Forecast of a New Record - farmdoc daily](https://feedsoft.ai/events/44914-brazil-starts-planting-grain-crop-with-forecast-of-a-new-record-farmdoc-daily.md) | +0.2% | -3.6% |
| SOY | 2025-07-11 | [Brazil raises forecast for record grain harvest](https://feedsoft.ai/events/13484-brazil-raises-forecast-for-record-grain-harvest.md) | +0.9% | -4.0% |
| SOY | 2024-08-12 | [USDA Forecasts Record Soybean Crop](https://feedsoft.ai/events/28713-usda-forecasts-record-soybean-crop.md) | -8.7% | -2.7% |
| SOY | 2025-03-14 | [Brazil raises record crop forecast despite drought in Rio Grande do Sul](https://feedsoft.ai/events/13508-brazil-raises-record-crop-forecast-despite-drought-in-rio-grande-do-sul.md) | +1.6% | +3.2% |
| CORN | 2026-05-15 | [Brazil raises forecast for record harvest](https://feedsoft.ai/events/13434-brazil-raises-forecast-for-record-harvest.md) | +1.2% | -7.4% |
| CORN | 2021-09-22 | [Brazil Starts Planting Grain Crop with Forecast of a New Record - farmdoc daily](https://feedsoft.ai/events/44914-brazil-starts-planting-grain-crop-with-forecast-of-a-new-record-farmdoc-daily.md) | +1.6% | +2.0% |
| CORN | 2025-07-11 | [Brazil raises forecast for record grain harvest](https://feedsoft.ai/events/13484-brazil-raises-forecast-for-record-grain-harvest.md) | -0.7% | -1.5% |

## Sources

- agenciadenoticias.ibge.gov.br: https://agenciadenoticias.ibge.gov.br/en/agencia-news/2184-news-agency/news/15593-brazil-to-forecast-new-record-crop

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