Soybeans: Intense pace of trading drives up prices in Brazil

Soybean trading remains brisk in Brazil. In addition to external demand, domestic industries have intensified their purchases in recent days. According to researchers at Cepea, the increased attractiveness of Brazilian soybeans was also driven by the depreciation of the real against the dollar. On the other hand, ample global supply limited more significant price increases.

The USDA has revised its estimate for global soybean production for the 2025/26 crop year to a record 429.2 million tons, a volume 0.4% higher than previously projected and 0.3% above the previous season.

Among the major producers, Brazil is expected to harvest 180 million tons, according to the USDA, slightly below the 180.25 million tons estimated by Conab. In Argentina, the projection was raised to 50 million tons, 4.2% above the May estimate, although still 2.2% lower than the volume produced in the previous crop.

Brazil remains the world's leading exporter of soybeans in the 2025/26 crop year (Oct/25 to Sep/26), with shipments estimated by the USDA at 115 million tons.