Cargill projects grain surge in Brazil on record soybean harvest

The Brazilian unit of US grain trader Cargill expects to handle higher volumes of grains and other products in the South American country this year compared to 2024 according to Paulo Sousa, president of Cargill. The optimism expressed by Sousa reflects a record 2025 soybean harvest and beneficial weather for Brazil’s second corn crop, which accounts for about 75% of national corn output in a given year. Sousa said he expects the total volume originated, processed and sold this year in Brazil to equal or exceed the marks of 51 million tons recorded in 2023. This compares to 45 million tons in 2024, when Brazil produced a smaller soybean crop due to drought in key growing regions. Brazil is the world’s largest producer and exporter of the oilseed. Cargill in 2024 had a net loss of 1.7 billion real ($298.83 million) in Brazil, mainly due to exchange rate effects, according to company disclosures. In 2023, Cargill had a record profit of 2.5 billion reais in Brazil. The company, ...