Brazil’s soybean harvest is estimated at 166 million tons

Published 2024년 10월 16일

Tridge summary

The Brazilian National Agricultural Agency (CONAB) forecasts a substantial increase in soybean production for the current season, estimating a harvest of 166.05 million tons, marking a 12.7% rise from the previous year. This growth is attributed to improved yields despite a modest 2.8% increase in arable land, the smallest in six years due to falling global prices. Soybean exports in 2025 are projected at 105.54 million tons, with end stocks at 4.16 million tons. Overall grain and oilseed production for 2024/25 is expected to hit a record 322.47 million tons, up 8.3% from the prior season. Additionally, UkrAgroConsult offers AgriSupp, a platform for market intelligence on grains and oilseeds, with a 7-day free demo available.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Brazilian National Agricultural Agency (CONAB) estimates the soybean harvest this season at 166.05 million tons, 12.7% more than in the previous season. It is noted that producers allocated only 2.8% more arable land for beans than last year, the area under the crop increased to 47.33 million hectares, which is the lowest annual growth rate in six years due to the decline in world prices last season. Conab expects a further slowdown in the build-up of the planting season as well. However, the agency forecast growth on the back of improved yields, even if lack of rainfall delays planting in key states. Soybean exports in 2025 are forecast at 105.54 million tons. End stocks are estimated at 4.16 million tons. Total grain and oilseed production in 2024/25 should reach a record 322.47 million tons, up 8.3% from the previous season. For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became ...

Source: UkrAgroConsult