# Brazil: CONAB forecast of soya bean and maize harvest

> Brazil's crop agency CONAB raised its 2016/17 soybean forecast for the fourth consecutive time, to 110.2 million tonnes. It estimated the corn crop at 91.5 million tonnes, up from 88.9 million, and total grain output at 227.9 million tons. Favorable weather was cited, and soybean export potential was lifted to 61 million tons.

- Date: 2017-04-11 · published 2017-04-11T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/71352-brazil-conab-forecast-of-soya-bean-and-maize-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

Upward revisions to Brazil's soybean and corn supply and export potential add to world feed supply and tend to pressure soybean meal and corn prices. Buyers can expect cheaper Brazilian origin.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-01-15 | [Brazil forecasts 110m tons of soybeans and 25m tons of corn in 2017/18 harvest — MercoPress](https://feedsoft.ai/events/66834-brazil-forecasts-110m-tons-of-soybeans-and-25m-tons-of-corn-in-2017-18-harvest.md) | +4.3% | +6.1% |
| 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 | 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 | 2020-02-12 | [Brazil's Soybean Harvest 16% Complete](https://feedsoft.ai/events/54461-brazil-s-soybean-harvest-16-complete.md) | +1.4% | -1.9% |
| CORN | 2018-01-15 | [Brazil forecasts 110m tons of soybeans and 25m tons of corn in 2017/18 harvest — MercoPress](https://feedsoft.ai/events/66834-brazil-forecasts-110m-tons-of-soybeans-and-25m-tons-of-corn-in-2017-18-harvest.md) | +2.3% | +3.3% |
| 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% |
| CORN | 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) | -1.8% | -2.9% |

## Sources

- zmp.de: https://www.zmp.de/en/futures/news/newsticker-brazil-conab-forecast-soya-bean-and-maize-harvest-increased-2017-04-11

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