# Record output of soybean and corn lead to a harvest estimate 29.2% bigger than in 2016  | News Agency

> Brazil's IBGE estimates the 2017 grain harvest at 238.6 million metric tons, 29.2% above 2016, driven by record soybean (113.9 million tons) and corn (97.0 million tons) output. Favorable climate lifted yields per hectare, with Mato Grosso, Paraná and Rio Grande do Sul the leading producers.

- Date: 2017-06-08 · published 2017-06-08T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/70327-record-output-of-soybean-and-corn-lead-to-a-harvest-estimate-29-2-bigger-than
- 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 soy and corn crop adds substantial export supply in the second half of 2017, which is bearish for world soybean and corn prices and weighs on Brazilian export premiums.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-06-08 | [IBGE: May estimate points to grain harvest 29.2% bigger than in 2016 \| News Agency](https://feedsoft.ai/events/70328-ibge-may-estimate-points-to-grain-harvest-29-2-bigger-than-in-2016-news-agency.md) | +0.1% | +5.4% |
| SOY | 2025-07-10 | [June estimate points to record harvest of 333.3 million tonnes in 2025, rise of 13.9% \| News Agency](https://feedsoft.ai/events/13487-june-estimate-points-to-record-harvest-of-333-3-million-tonnes-in-2025-rise-of.md) | +0.1% | -5.0% |
| 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 | 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% |
| SOY | 2025-08-14 | [July estimate indicates a record crop of 340.5 million tonnes in 2025, an increase of 16.3%  \| News Agency](https://feedsoft.ai/events/13481-july-estimate-indicates-a-record-crop-of-340-5-million-tonnes-in-2025-an.md) | -0.8% | -0.8% |
| CORN | 2017-06-08 | [IBGE: May estimate points to grain harvest 29.2% bigger than in 2016 \| News Agency](https://feedsoft.ai/events/70328-ibge-may-estimate-points-to-grain-harvest-29-2-bigger-than-in-2016-news-agency.md) | -1.3% | -0.0% |
| CORN | 2019-08-08 | [Estimates point to record harvest, pushed by corn production, in 2019 \| News Agency](https://feedsoft.ai/events/57421-estimates-point-to-record-harvest-pushed-by-corn-production-in-2019-news-agency.md) | -7.3% | -7.5% |
| CORN | 2025-07-10 | [June estimate points to record harvest of 333.3 million tonnes in 2025, rise of 13.9% \| News Agency](https://feedsoft.ai/events/13487-june-estimate-points-to-record-harvest-of-333-3-million-tonnes-in-2025-rise-of.md) | -1.0% | -3.0% |

## Sources

- agenciadenoticias.ibge.gov.br: https://agenciadenoticias.ibge.gov.br/en/agencia-news/2184-news-agency/news/10178-recordes-de-soja-e-milho-levam-estimativa-da-safra-2017-a-29-2-acima-de-2017

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