Brazil may reduce soybean and corn production due to El Niño and fertilizer shortages
In Ukraine, UkrAgroConsult reported that soybean and corn production in Brazil could decline in the marketing year 2026/27 due to the impact of El Niño and limited fertilizer availability following the war in the Middle East.
According to S&P Global Energy CERA forecasts, soybean output is expected to fall by 2.2% compared with the previous season, while corn production could decline by 4.5%. Despite the anticipated reduction in output, Brazil is expected to remain one of the key suppliers of agricultural products to global markets.
Analysts identify unfavorable weather conditions associated with El Niño and difficulties in fertilizer availability as the main risks to the new crop. Fertilizer supply disruptions following the war in the Middle East could affect production costs and farmers’ ability to maintain high yields, according to the report.
Brazilian farmers have already started planting soybeans for the marketing year 2026/27, as well as the first corn crop of the new season. Further progress in planting and crop development will depend on rainfall distribution and access to essential agricultural inputs. Market participants will pay particular attention to weather conditions in the country’s major agricultural regions.
Category: Food & Agriculture
