StoneX boosts Brazilian soybean production
In Brazil, Compre Rural reported that Brazilian soybean production for the 2026/27 cycle was estimated at a record 184.95 million tons, up 0.9% from the previous estimate, with prospects for better yields in Mato Grosso, according to a report by the consulting and brokerage firm StoneX.
The improved forecast for Brazil’s main producing state comes after a “quite accelerated planting season and favorable weather in the early stages of development.”
The soybean production forecast was also raised in Pará, Maranhão, and Piauí.
Soybean planting is also progressing at an accelerated pace in the southern region, where high rainfall volumes were recorded in October, according to the report.
Category: Food & Agriculture
