Record production and international scenario bring down soybean prices

The global soybean market faced a year marked by high volatility and price pressure in 2025. Even with firm demand in some markets and record Brazilian exports, the international oversupply and adverse geopolitical scenario limited prices throughout the year. According to data released by Cepea, the average prices in Brazil were the lowest since 2019, considering real values. Both the CEPEA/ESALQ Paraná Indicator and the CEPEA/ESALQ – Paranaguá (PR) reflected the negative pressure of global fundamentals. In the external market, the nearest expiring contract in the CME Group registered its lowest annual average since 2020. In Brazil, even with the smallest stock in the last four cycles, the accelerated harvest of the 2024/25 crop guaranteed a record volume of 171.48 million tons. The shortfall in Rio Grande do Sul was offset by high productivity in other regions, increasing domestic supply and boosting the spot market. With this performance, Brazil accounted for approximately 40% ...