Brazil begins the 2025/26 season with high harvesting rates and increased crop forecasts.

According to analysts, as of January 30, soybeans in Brazil have been harvested on 10% of the area (6% last year), with the largest soybean-producing state harvesting on nearly 25% of the area (12.2% last year, 12.6% on average over 5 years). This year, the country's soybean planting areas have increased by 4% to a record 49.1 million hectares, which, amid favorable weather throughout the season, allowed analysts to significantly raise crop forecasts. On Monday, agricultural consulting firms raised their forecasts for soybean production in Brazil in the 2025/26 MY due to better-than-expected yield figures. Thus, the agency AgRural raised its forecast compared to January estimates by 4.9 million tons to 181 million tons, the agency StoneX by 4 million tons to 181.62 million tons, and the agency Celeres by 4.1 million tons to 181.3 million tons, while the USDA in its January report raised its forecast from 175 to 177 million tons (compared to 171.5 million tons in the 2024/25 MY). ...