Key facts
- Brazil's 2025/26 grain harvest forecast has been raised.
- The new forecast is for a record 358.6 million tonnes.
- The increase is due to expanded planting areas.
- Favorable weather conditions are also cited as a reason for the higher forecast.
- Soybean output is projected to reach a new high.
- Wheat production is expected to decline.
Brazil's National Supply Company (CONAB) has projected a record grain harvest for the 2025/26 season, revising its forecast upward to 358.6 million tonnes. This significant increase is driven by an expansion in the areas dedicated to planting crops and generally favorable weather patterns. The forecast specifically anticipates a new record for soybean production, a key agricultural commodity for Brazil. However, the outlook for wheat production suggests a decrease compared to previous periods. CONAB's updated forecast reflects the dynamic nature of agricultural output, influenced by both farmer decisions on acreage and environmental conditions throughout the growing cycle.