StoneX reduces the forecast for the soybean and corn harvest in Brazil in MY 2025/26

Brazil’s soybean production in MY 2025/26 is expected to reach 177.2 million tonnes, consulting firm StoneX reported on Monday, lowering its forecast by 0.9% compared to its November forecast. The forecast revision reflects lower yields in the states of Mato Grosso and Goiás, both major producers, despite a slight expansion in planted area, StoneX said. “Irregular rainfall, particularly in regions that account for a significant share of Brazil’s production, continues to impact production potential,” the company added in a statement. Despite the forecast reduction, the harvest remains a record. StoneX reported that the country’s total corn harvest is forecast to reach 134.4 ...