Soybean stocks drop by more than 30% in Mato Grosso and trigger alert for the market

The Mato Grosso Institute of Agricultural Economics (Imea) updated, in October 2025, the data on soybean demand in the state. Exports for the 2024/25 crop were reduced by 0.97% compared to the September report, now totaling 30.50 million tons. Conversely, inter-state consumption showed a significant increase of 11.99%, reaching 6.54 million tons. Final inventories fell by more than 30% on a monthly comparison. Internal consumption also rose, albeit more moderately, with an increase of 0.32% and an estimate of 13.03 million tons. This movement is attributed to the expansion of the capacity of the crushing industries in the state, which have been increasing their participation in the total demand for the oilseed. The combination of higher demand and reduced exports caused a sharp drop in the final inventories of the 2024/25 crop, which were projected at 0.92 million tons—a decline of 32.42% compared to the previous month. For the 2025/26 crop, the scenario was also adjusted. Exports ...