Strong demand supports rising soybean prices in Brazil

Soybean trade in Brazil remains robust. In addition to robust external demand, domestic processing plants have also significantly increased their purchasing activity in recent weeks.

According to analysts at the Cepea research center, the weakening of the Brazilian real against the US dollar has been an additional factor supporting the market, increasing the competitiveness of Brazilian soybeans on the global market. However, a more significant price increase is being curbed by high global supply.

According to the updated forecast from the US Department of Agriculture (USDA), global soybean production in the 2025/26 season will reach a record 429.2 million tonnes. This is 0.4% higher than the previous estimate and 0.3% higher than the previous crop year.

Among the largest producers, the USDA estimates Brazil will harvest approximately 180 million tonnes of soybeans. This figure is slightly below the forecast of the Brazilian National Supply Company (Conab), which estimates the harvest at 180.25 million tonnes.

In Argentina, the production forecast was raised to 50 million tonnes, 4.2% higher than the May estimate. However, this volume remains 2.2% below the previous season’s result.

Brazil remains the world’s largest soybean exporter. According to the USDA forecast, Brazilian soybean exports will reach 115 million tonnes in the 2025/26 season (October 2025 – September 2026), allowing the country to maintain its leading position in the global oilseed market.

Tags: Brazil, prices, soybean