StoneX lowers the forecast for soybean and corn harvest in Brazil in 2025/26

Soybean production in Brazil is expected to reach 177.2 million tons in 2025/26, consultancy firm StoneX reported on Monday, lowering its forecast by 0.9% compared to its November forecast. The revision of the forecast reflects a decrease in yield in the states of Mato Grosso and Goiás, which are the main producers, despite a slight expansion in planted areas, according to StoneX. "Irregular rainfall, especially in regions that account for a significant share of production in Brazil, continues to affect the production potential," the company added in its statement. Despite the lowered forecast, the crop remains a record. StoneX reported that the total corn harvest in the country is forecast to be 134.4 million tons in 2025/26, lowering its estimate by 0.6%. The forecast for the second corn crop has been reduced by 1.1% to 105.8 million tons, as delays in the soybean planting cycle may affect the start of sowing.