Record Brazil soybean crop on tap

from 2024-25, Conab said in its third Crop Progress report published Dec. 11. A projected decline in productivity from 4,310 to 4,210 kilograms/hectare would be offset by sown area growing from 81.7 million to 84.2 million hectares. While down slightly from the 177.6 million tonnes forecasted in November, the soybean harvest, if realized, would still be a new record on an estimated planted area of 48.9 million hectares. Normalization of rainfall throughout the main growing regions allowed farmers to make significant progress getting the crop in the ground. Overseas demand for Brazilian soybeans continues to grow. From January to November 2025, Brazil exported a record 104.79 million tonnes of soybeans valued at $42 billion, exceeding the 101.87 million tonnes exported for all of 2021, said Conab, citing data from the Ministry of Development, Industry, Trade and Services (MDIC). For corn, total production from all three harvests is estimated at 138.9 million tonnes, a 1.5% decline ...