Brazilian soybean production is expected to reach a record high.

The 2025/26 soybean crop in Brazil is progressing at a rapid pace, with 24% of the area planted by the beginning of the week, surpassing the historical average of 16.2% for the period. In Mato Grosso do Sul, the progress is even greater: 30.9% of the area has already been sown. The estimate is for a 5.9% growth in the cultivated area, totaling 4.79 million hectares and a production of 15.2 million tons. According to Abiove, the total soybean production in Brazil could reach between 178 and 180 million tons, surpassing the 171.8 million tons of the previous crop. Exports are also expected to grow: a projection of 111 million tons in 2026, an increase of 1.4% compared to 2025. Soybean crushing is expected to reach 60.5 million tons (+3.4%), while oil production is estimated at 12.2 million (+3.8%), with domestic consumption growing by 4.8%. Despite the appreciation of the Real, the premiums and higher prices in Chicago have sustained soybean prices, which reached R$ 124.29/sack in ...