StoneX trims outlook for Brazil's 2025/26 soybean, corn crops
StoneX has revised its outlook for Brazil's 2025/26 soybean and corn crops. Soybean production is now expected to reach 177.2 million metric tons, a 0.9% decrease from the previous forecast, due to productivity cuts in Mato Grosso and Goias states. The total corn crop forecast has been lowered by 0.6% to 134.4 million tons, with the second corn crop projection reduced by 1.1% to 105.8 million tons, impacted by delays in the soybean cycle.
SAO PAULO, Dec 1 (Reuters) - Brazil’s soybean production is expected to reach 177.2 million metric tons in 2025⁄26, consultancy firm StoneX said on Monday, cutting its outlook by 0.9% from a November projection.
• The revision reflects productivity cuts in Mato Grosso and Goias states, which are major producers, despite a slight expansion in the planted area, StoneX said.
• “Irregular rainfall, especially in regions that account for a large share of Brazilian production, continues to impact production potential,” it added in a statement.
• Despite the cut, the forecast still points to a record crop.
• The country’s total corn crop is forecast to hit 134.4 million tons in 2025⁄26, StoneX said, lowering its estimate by 0.6%.
• The projection for the second corn crop was reduced by 1.1% to 105.8 million tons, as delays in the soybean cycle may affect the start of planting.
