Brazil has raised its soybean and corn production outlook, confirming record harvests for the 2024/2025 season. According to the latest report from crop agency Conab, farmers reaped 171.47 million metric tons of soybeans and 139.67 million tons of corn—both all-time highs. These figures exceed August’s forecast by 1.82 million tons for soybeans and 2.67 million tons for corn, underscoring Brazil’s growing dominance in global grain markets.
Conab’s revisions went beyond the current season. The agency adjusted soy area and yields for the 2020/21 to 2024/25 period, lifting cumulative production estimates by 13.12 million tons. Crushing data and carryover stocks were also updated, providing a fuller picture of the sector’s expansion. On the trade front, soybean export projections climbed to 106.65 million tons, up 400,000 tons from last month. China remains Brazil’s primary buyer, benefiting from ongoing U.S.–China trade frictions during America’s key marketing season.
Corn output also reflects strength in Brazil’s “safrinha,” or second crop, which is planted after soybeans and mainly exported in the latter half of the year. Nearly 2.5 million additional tons are expected from this harvest, putting Brazilian farmers in direct competition with their U.S. counterparts. While the second corn harvest is almost complete, producers in southern Brazil have already started planting their 2025/2026 first corn crop. Despite less-than-ideal temperatures, steady rainfall has ensured healthy soil conditions.
Soybean sowing for the next cycle has also begun in Parana state, with private forecasts suggesting Brazil could surpass 180 million tons in the coming season. These milestones solidify Brazil’s role as a global agricultural powerhouse, reshaping trade flows and intensifying competition with the United States.
