Brazil is increasing soybean exports, which worsens the export outlook for the United States.

Experts from Oil World predict that significant volumes of Brazilian soybean supply will limit U.S. soybean export sales in 2026. Transitional soybean stocks in Brazil, which will be 7-8 million tons at the beginning of January 2026, and the increase in production will allow the country to export at least 115 million tons of soybeans in 2026 (compared to 108.3 million tons in 2025, 92.4 million tons in 2024, and 92.8 million tons in 2023). Thanks to the increase in soybean planting areas by 1.7 million hectares to 50.5 million hectares, Brazil plans to harvest 178 million tons of beans in 2026. According to experts' estimates, from September to December, soybean exports from Brazil will increase compared to the same period last year from 15.4 to 21.8 million tons, including in December from 2 to 3.5 million tons.