Prices for soybeans are rising despite increased production forecasts in Argentina and Brazil, as well as an increase in global soybean trade volumes.

On Wednesday, the Rosario Grain Exchange in Argentina raised its forecast for the 2025/26 soybean crop in Argentina by 1 million tons to 48 million tons due to favorable weather conditions in the west and north of the country. At the same time, exchange experts kept the corn crop forecast at a record 62 million tons, noting that rainfall over the next 10-15 days will be crucial for the yields of both crops. Soybean crops are at a critical stage of yield development, according to the monthly BCR report on the state of grain crops. According to the Buenos Aires Grain Exchange, 25-75 mm of precipitation is expected in the northern agricultural areas over the next seven days, and up to 100 mm of precipitation in the central part of the province of Santa Fe. Buenos Aires exchange experts kept the forecast for Argentina's soybean crop at 48.5 million tons, which corresponds to USDA estimates and will be less than last year's harvest of 51 million tons. Currently, 32% of soybean crops ...