Full tanks shape grain prices in 2025

The macroeconomic scenario of agribusiness in 2025 was marked by ample supply of grains and direct effects on the quotations of the main commodities. According to analysis by Céleres, elevated inventories and expectations of full harvests pressured the prices of soybeans and corn throughout the year, with distinct movements between the semesters. Soybeans started 2025 with a strong devaluation, influenced by high carryover stocks and the prospect of a record crop in Brazil. During the peak of the 2024/25 harvest, quotations in Mato Grosso reached R$ 110.00, reflecting the excess supply in the domestic market. This movement limited the profitability of the producer in the first months of the year and reinforced the pressure on regional prices. In the second semester, however, the picture changed. The intercrop season coincided with the worsening of the trade war between the United States and China, which led the Asian country to reduce imports of American soybeans. In this context, ...