Brazil is on track to achieve a record soybean harvest in the 2025-26 season, with production projected to reach 177 million tonnes, according to the Brazil Agribusiness Outlook 2026 by RaboResearch. This follows a 2% increase in planted acreage compared with the previous cycle, supported by above-average planting conditions and operational progress. While this growth is below the 15-year average expansion of 4% per year, it reflects steady momentum despite high interest rates pressuring farmers’ cash flow.
Brazilian soybean exports are expected to maintain record volumes, estimated at 111 million tonnes, remaining competitive against U.S. supplies despite the recent US-China trade agreement. Any shortfall in U.S. export volumes could further benefit Brazil’s market share. Soybean processing is also forecast to rise by 2 million tonnes to 60 million tonnes, driven by the planned increase in the mandatory biodiesel blend to 16%, though regulatory uncertainties may limit growth.
RaboResearch noted that global market fundamentals, including expanded Brazilian acreage and stock rebuilding, are likely to keep soybean prices subdued, helping maintain low feed costs for animal protein production. The 2024-25 season had already set records in area, yield, and exports, laying the foundation for the expected 2025-26 production surge.
