Brazil to harvest record soybean and corn crops — Conab
Brazil’s 2025/26 agricultural production is forecast at 361.7 million tonnes, up 2.6% year-on-year, led by record soybean output of 180.4 million tonnes. Corn production is also rising, while wheat and rice output are projected to decline significantly.
Brazil’s production of major agricultural crops in the 2025/26 MY could reach 361.7 mln tons, up 2.6% year on year, according to Conab. The planted area increased by 1.7% to 83.5 mln ha.
Soybean production is forecast at a record 180.4 mln tons, up 5.2% y/y. Soybean area expanded by 2.7%, while yields increased by 2.5%. Soybean exports are also expected to set a record at 116.2 mln tons.
Corn production is estimated at 144 mln tons, up 2% from the previous season. The second corn crop is projected at 112.1 mln tons, only 1% below the previous record, while first-crop corn yields rose by 8.8% to a record 7.19 t/ha.
At the same time, Brazil’s wheat production could decline by 27% to 5.74 mln tons. The drop is mainly due to a 21% reduction in planted area and a 7.5% decline in average yields to 2.98 t/ha.
With domestic wheat supply declining, imports are forecast at 7.06 mln tons. Rice production is also expected to fall by 13% to 11.08 mln tons due to a 14% reduction in planted area.
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Source : UkrAgroConsult
