Brazil's Corn Harvest Lags Behind Pace, Tightening Export Supplies

Brazil's second-crop corn harvest is lagging behind last year's pace and the five-year average, according to data from CONAB. As of July 31, the harvest reached 69.1% completion, down from 75.2% during the same period in 2025 and a five-year average of 74.5%. This slowdown signals tighter export supplies, which could boost corn spot prices and futures markets.

The National Supply Company's (CONAB) data shows that Brazil's second-crop corn harvest is trailing behind expectations. With only 69.1% of the crop harvested by July 31, market arrivals are expected to slow down further. This development is likely to support corn spot prices and drive a bullish trend in futures markets.

The impact on global markets will be significant, given Brazil's status as a major corn exporter. The country's slower harvest pace could lead to tighter export supplies, which may contribute to higher corn prices worldwide.