# Brazil forecasts record soy and corn harvests, on good climate conditions — MercoPress

> Conab raised its 2016-17 Brazilian corn forecast to a record 87.4 million tons from 84.5 million, lifting the safrinha crop estimate by about 2.5 million tons on good weather. The USDA Brasilia office separately estimated total corn output at 84.0 million tons.

- Date: 2017-02-16 · published 2017-02-16T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/72331-brazil-forecasts-record-soy-and-corn-harvests-on-good-climate-conditions
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

A record Brazilian corn crop increases export competition for US corn and weighs on global corn prices, with bearish implications for feed buyers' corn costs.

## Read by commodity

- CORN: bearish ▼
- DDGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2017-04-11 | [Brazil: CONAB forecast of soya bean and maize harvest](https://feedsoft.ai/events/71352-brazil-conab-forecast-of-soya-bean-and-maize-harvest.md) | -1.1% | +0.9% |
| 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 | 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 | 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

- en.mercopress.com: https://en.mercopress.com/2017/02/16/brazil-forecasts-record-soy-and-corn-harvests-on-good-climate-conditions

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