Brazil’s crop production has stabilized despite looming weather problems

US exports, increased global demand, and expectations of increased production in Brazil, the country’s exports are expected to rise significantly, reaching 112.1 million tonnes, up 5.11% from the previous harvest. “Furthermore, the expected increase in mandatory biodiesel blending, coupled with growing demand for plant-based protein, suggests that soybean production for processing could reach 59.37 million tonnes in 2026,” Conab stated. “This represents a 1.37% increase over the previous year.” After three harvests, corn production is estimated at 138.8 million tonnes, down 1.6% from the previous cycle. In the first harvest, planting area is expected to increase by 7%, with projected production reaching 25.9 million tonnes. Conab forecasts domestic corn consumption in the 2025-2026 season to be approximately 94.6 million tonnes, up 4.5% from the previous cycle. This increase will be driven primarily by increased demand for ethanol production. Exports are also expected to increase ...