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 million tonnes in 2025/26, lowering its estimate by 0.6%.
The second-crop corn crop forecast is lowered 1.1% to 105.8 million tonnes as delays in the soybean planting cycle could impact the start of planting.
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