São Paulo (Reuters) – Brazil’s soybean harvest in 2025/26, which is being planted, was estimated this Thursday at a record 177.6 million tons, practically unchanged compared to the previous month’s projection, according to the second survey by the National Supply Company (Conab) for the cycle.
The area projected for planting was also almost unchanged, at 49.06 million hectares, but Conab cited climate concerns for the initial development of Brazil’s main agricultural crop, the largest global producer and exporter of soybeans.
“The Company remains attentive to the climate conditions of the producing regions, monitoring adverse weather events such as the one that occurred in Paraná, the irregularity of rainfall in Mato Grosso and the delay in rainfall in Goiás, in order to qualify crop performance information according to crop development,” said Conab, in a monthly report.
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Conab, nevertheless, reaffirmed the forecast of 3.6% growth in the area to be sown in 2025/26, estimating a similar increase in production, but which still depends on weather conditions in the coming weeks.
Conab cited a delay in sowing compared to the same period last year, pointing out that in Goiás and Minas Gerais the rainfall rates were not satisfactory.
In Mato Grosso, the main national producer, with “the climate instability recorded in October, the implementation of the crop was not carried out under conditions considered ideal”, stated Conab. Some areas sown in early October “felt the effects of water deficit, compromising the plant population per hectare and the initial establishment of the oilseed”.
Conab estimates that Brazil should export 112.1 million tons in the new season, versus 106.7 million in the previous cycle. Processing in the country would also grow to 59.4 million tons.
Corn
Brazil’s total 2025/26 corn harvest is expected to reach 138.84 million tons, an increase of around 230 thousand tons in the monthly comparison with a boost from the first harvest, but the harvest would fall 1.6% compared to last year’s record due to lower productivity.
The second harvest, the largest in the country, with planting carried out only after the soybean harvest, was estimated at 110.5 million tons, which would be a reduction of 2.5% in the annual comparison.
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Brazil’s corn exports in the cycle were forecast at 46.5 million tons, stable in the monthly comparison, but with an increase of 6.5 million tons compared to the previous cycle.
