Soybean planting advances, but weather and exchange rates bring uncertainties

Despite the advance in planting in Brazil, the soybean market faces volatility with reflections of the political scenario in the USA and increased external competition. Brazilian exports continue at a historic pace, but price pressure demands attention. With the end of the sanitary gap, the sowing of the 2025/26 soybean crop has gained momentum in Brazil, especially in Mato Grosso, Paraná, and Goiás. However, the advance is uneven: while Paraná has already sown 11% of the area, Santa Catarina has reached 2.3% and São Paulo only 3.4%, with plantings restricted to irrigated areas. The lack of more consistent rainfall continues to be an obstacle in states like Mato Grosso do Sul. According to data from Grão Direto, the pace of planting is expected to accelerate in the coming weeks if climatic conditions improve. However, there is concern about the impact of the La Niña phenomenon, which may reduce rainfall even further and compromise the development of crops in the coming months. ...