CONAB Brazil Crop Estimates — Soybeans, Corn & Cotton
SoftSignal Research — https://www.getsoftsignal.com
Report date: May 23, 2026
Data as of: May 23, 2026

HTML Report: https://reports.getsoftsignal.com/2026/conab_brazil_grains.html

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AT A GLANCE

Report date  : May 23, 2026
Publisher    : CONAB (Brazil)
  Soybeans: 180.1 MMT (Survey 8) · WASDE 180.0 MMT · Gap +0.1 MMT
  Corn: 140.2 MMT (Survey 8) · WASDE 135.0 MMT · Gap +5.2 MMT
  Cotton: 4.0 MMT (Survey 8) · WASDE 4.2 MMT · Gap -0.3 MMT

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CONAB vs. USDA WASDE DIVERGENCE

| Commodity | CONAB      | WASDE      | Divergence | WASDE # |
| --------- | ---------- | ---------- | ---------- | ------- |
| Soybeans  | 180.13 MMT | 180.00 MMT | +0.13 MMT  | #671    |
| Corn      | 140.17 MMT | 135.00 MMT | +5.17 MMT  | #671    |
| Cotton    | 3.97 MMT   | 4.25 MMT   | -0.27 MMT  | #671    |

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DATA SOURCES

• CONAB — Levantamento de Graos (monthly survey estimates)
• CONAB — Serie Historica de Graos (historical production series)
• USDA WASDE — World Agricultural Supply and Demand Estimates (Brazil region)

This report is for informational purposes only and does not constitute investment advice.
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