# Brazil on track for record corn output | World-grain.com | June 19, 2017 15:09 | World Grain

> USDA's June 16 FAS report forecasts Brazil's 2016-17 corn crop at a record 95 million tonnes, up 30% year on year, with exports of 32 million tonnes. Brazil's 2017-18 wheat output is forecast to fall 17% to 5.6 million tonnes, while wheat imports rise.

- Date: 2017-06-19 · published 2017-06-19T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/70330-brazil-on-track-for-record-corn-output-world-grain-com-june-19-2017-15-09-world
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A record Brazilian corn crop and large exports add to world corn supply, bearish for corn, while expected higher Brazilian wheat imports support international wheat demand.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-10-10 | [Brazil corn production forecast higher \| 2018-10-10  \| World Grain](https://feedsoft.ai/events/62372-brazil-corn-production-forecast-higher-2018-10-10-world-grain.md) | +4.0% | +4.0% |
| CORN | 2025-02-13 | [Brazil’s Conab Raises Grain Output Forecast on Bigger Corn Crop](https://feedsoft.ai/events/13512-brazil-s-conab-raises-grain-output-forecast-on-bigger-corn-crop.md) | +1.7% | -6.8% |
| CORN | 2018-06-13 | [India’s food grain production to reach new record \| World-grain.com \| June 13, 2018 14:12 \| World Grain](https://feedsoft.ai/events/64486-india-s-food-grain-production-to-reach-new-record-world-grain-com-june-13-2018.md) | -4.1% | -8.2% |
| CORN | 2023-07-14 | [Brazil lifts grain output forecast on better second-corn outlook – Conab](https://feedsoft.ai/events/13637-brazil-lifts-grain-output-forecast-on-better-second-corn-outlook-conab.md) | -6.9% | -11.1% |
| CORN | 2023-05-22 | [IGC sees record total grains output in 2023-24 \| World Grain](https://feedsoft.ai/events/35982-igc-sees-record-total-grains-output-in-2023-24-world-grain.md) | +8.2% | +6.2% |
| WHEAT | 2018-10-10 | [Brazil corn production forecast higher \| 2018-10-10  \| World Grain](https://feedsoft.ai/events/62372-brazil-corn-production-forecast-higher-2018-10-10-world-grain.md) | +8.2% | +4.5% |
| WHEAT | 2017-07-11 | [Focus on the United States \| World-grain.com \| July 11, 2017 19:59 \| World Grain](https://feedsoft.ai/events/70016-focus-on-the-united-states-world-grain-com-july-11-2017-19-59-world-grain.md) | -2.0% | -1.7% |
| WHEAT | 2017-11-03 | [Focus on Australia \| World-grain.com \| November 03, 2017 19:27 \| World Grain](https://feedsoft.ai/events/67937-focus-on-australia-world-grain-com-november-03-2017-19-27-world-grain.md) | +0.1% | -1.6% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/8278-brazil-on-track-for-record-corn-output

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