Storage deficit reshapes grain market in Brazil amid record harvest Translation: Storage deficit reshapes grain market in Brazil amid record harvest.

The Brazilian grain harvest continues to advance at an accelerated pace and has already surpassed 320 million tons, with expectations of a new record in the 2025/26 cycle. This growth, however, has not been matched at the same speed by the storage infrastructure. According to Conab, the country's static capacity stands between 200 and 230 million tons, which allows for the storage of about 2/3 of the annual production. This mismatch directly influences the dynamics of the physical market and the formation of prices. For Yedda Monteiro, an analyst of intelligence and strategy at Biond Agro, storage goes beyond the structural issue. "Storage is not just physical infrastructure. It represents decision time, and time is the most valuable asset in the grain market. When supply enters the system simultaneously, those who cannot wait end up selling under pressure," she says. Regional and seasonal bottleneck pressures the producer Despite aggregate numbers suggesting relative sufficiency, ...