Brazil’s soybean exports will grow by more than 13% by the end of the year

Brazil’s soybean exports typically fall toward the end of the year as the country approaches the new harvest in late January or early February, but a record harvest in 2025 means supplies are still sufficient to support overseas sales, Brazil’s national grain exporters association, Anec, said on Thursday, according to Reuters.

Anec forecasts December shipments will also rise sharply, by about 90%, to 2.8 million tonnes. The industry group estimates total Brazilian soybean exports will reach 110 million tonnes in 2025, up from 97.3 million tonnes in 2024, an increase of 13.05%.

China recently purchased several ships of soybeans from the United States, expected to load as early as December, as part of the country’s trade agreement with the United States, but this has not affected Brazil’s record export figures.

However, Anec expects Brazilian corn exports to fall short of expectations. The association lowered its 2025 corn supply forecast by 1 million tons to 41 million tons, citing growing domestic demand.

According to the association, Brazil’s rapidly growing corn-based ethanol and livestock industries are fueling domestic demand for these grains. Increased production and exports of both types of meat indicate strong demand for grains.

Despite the downward revision, Brazilian corn exports could still finish 2025 with growth, given that the country exported 37.8 million tons in 2024. Brazilian corn shipments are expected to reach 4.99 million tons in December, up almost 38% from the same month last year.

Tags: export, Brazil, soybean