Brazil Soybean Production Outlook Improves As Harvest Expands

National Association of Farm Broadcasting

Private analysts raised forecasts for Brazil’s soybean crop as harvesting gained momentum and weather conditions remained largely favorable across major producing regions. Brazil is already the world’s largest soybean exporter. Reuters reported that consultancy StoneX increased its production estimate, citing strong yields in central and northern growing areas. Celeres also raised its outlook, pointing to improved field results despite isolated weather issues. According to Agriculture.com, the larger crop is expected to pressure global soybean prices and intensify competition with U.S. exports later this year. Traders say Brazil’s expanding supply could reshape trade flows, particularly to China, the world’s top soybean buyer.