Brazil: Despite losses, the scenario in the Midwest and Northeast favors a big soybean crop in 2025

The new production scenario for the Brazilian soybean crop presents a positive revision, with an estimated potential of 174.875 mln tons, accounting for an increase over the previous figure. The scenario reflects a balance between the significant losses in the South (especially in Rio Grande do Sul) and in parts of the Midwest (Mato Grosso do Sul) and the high yield observed in practically all states in the Midwest and Northeast, which have offset adverse weather conditions. In the case of Rio Grande do Sul, a crop of around 23.738 mln tons was initially projected. However, high temperatures and prolonged drought, with scattered rain in January, resulted in a revision to 19.8 mln tons, down 15.2%. Losses were concentrated mainly in the west of the state. In Mato Grosso do Sul, there was a negative adjustment of around 11%. The initial estimate of 15.5 mln tons was revised to 13.8 mln, reflecting the impacts of adverse weather conditions in the south of the state. However, areas ...