Brazil will continue to expand its soybean plantings to record levels in the 2025/26 season

According to the first study conducted by the Brazilian National Supply Company (Conab), Brazil’s total cereal production in 2025-26 is projected to reach 354.7 million tons, up 0.8% from the previous season, thanks to an increase in planted area. In a report dated October 14, the state-owned company reported that the soybean harvest for the new season is forecast to reach 177.6 million tons, up from the 171.5 million tons recorded in 2024-25, with an expected planted area increasing by 3.3% to 49.1 million hectares. Corn plantings are also expected to expand, potentially reaching 22.7 million hectares, with the expected three-season harvest totaling 138.6 million tons. In a previous report, Conab estimated corn production in 2024–2025 at 139.7 million tonnes. Conab’s initial forecasts for the soybean crop and global demand in 2025–2026 suggest that Brazil will remain the world’s largest oilseed exporter, potentially exceeding 112.11 million tonnes. Projected increases in ...