Brazil soybean crop seen hitting record despite weather
Large soy harvest expected to boost global feed supplies
16 March 2026
1 minute read
By: Brazil's 2025/26 soybean output is expected to reach a record 177.85 million metric tons, Reuters reported, citing national crop agency Conab on Friday, slightly trimming its February forecast of 177.98 million tons.
Soy farmers in the world's largest producer and exporter faced a challenging February due to excessive rainfall in centre-western and southeastern Brazil, Conab said. The agency also pointed to irregular weather in Rio Grande do Sul state.
"Even with the challenges encountered, weather conditions overall favoured the crop development, and the expectation is that production will reach a new record," it added in a report.
Soybean exports this year estimated at 114.39 million tons, up from 112.2 million tons last month.
The "elevated crop volume and expectations of robust exports in 2026" triggered the upward revision, Conab said.
Brazil's total corn production was pegged at 138.27 million tons, down from 138.45 million tons in the previous forecast. Second-corn crop estimated at 108.43 million tons, versus 109.26 million tons in the February projection.
