The Brazilian soybean crop was estimated in 2024/25 on Tuesday (the first) in a record of 167.54 million tons, but with a reduction of about 800 thousand tons compared to the previous estimate, according to a survey conducted by Stonex.
The negative time in Rio Grande de Sol was primarily responsible for the appreciation, cutting more than a million tons.
Stonex said: “This amendment stems from the climate issues that struck the state, with no rain, along with high temperatures, which affects the crops on the main development.”
Other productive countries, such as Mato Grosso, compensate for productive losses to the south, allowing the country to collect 11.55 % from last season, when the climate was harmful in several regions.
The national harvest walks to the final extension.
Soybeans in Brazil were estimated at about 107 million tons, which are stable in the monthly comparison, but much higher than 98.8 million last season.
corn
The total corn production was estimated at 129.7 million tons, with discounts in the estimates of the first and second harvest. Until February, the Brazilian production estimated at 130.86 million tons.
If confirmed, Brazil can raise the production of grains by more than 7 % compared to the last season.
Stonex pointed out that the climate of the coming weeks still determines the definition of the size of the second crop, which is the largest in the country, which is estimated at 101.62 million tons, compared to 102.1 million in previous expectations.
For the second crop, the decline in expectations was due to the expected productivity adjustments, especially Parana, while the estimate was raised in Goiás.
In the case of the summer crop, limiting about 600 thousand tons to 25.9 million tons, from the amendments to the expected productivity in the northeastern states, where the course will be later.
Stonex also maintained the expectations of the export of Brazil without changing 42 million tons, compared to 38.5 million in the last session.
Easter should be more expensive after approximately the price of a triple cocoa
