Brazil: soybean production revised down to 179M mt

27/03/2026

Brazil's soybean production was revised down to 179 million tonnes (from 180M) due to excessive rainfall in northern and central producing states; Brazil's competitive discount makes it unlikely China will purchase an additional 8 million tonnes of soybeans from the US (Darragh & Bhanu, Kpler, 2026).

Darragh, M., y Bhanu, I. (2026, 27 de marzo). The Strait of Hormuz blockade: what it means for grain and food security. Kpler.