Brazil’s Abiove updates its soybean projections for 2026
In Brazil, Canal Rural reported that the Brazilian Association of Vegetable Oil Industries (Abiove) updated its projections for the supply and demand balance of the Soybean Complex in 2026 and released the first estimates for 2027.
Soybean crushing in Brazil is expected to reach 63.6 million tons in 2026, a 0.2% increase compared to the previous projection. For 2027, the estimate is 66 million tons.
Brazilian exports of soybeans in 2026 are estimated at 113.9 million tons, a 1% decrease compared to the previous projection. Exports of the grain are expected to reach 113 million tons in 2027, while imports are projected at 900,000 tons to supplement the production chain.
For soybean meal, shipments are expected to total 25.3 million tons. Soybean oil exports are projected at 1.95 million tons, an 8.3% increase compared to the previous estimate, according to Abiove.
Category: Food & Agriculture
