StoneX raised its projection for the Brazilian soybean harvest in 2024-25 to 168.4 million tons, a record spurred by Mato Grosso’s outstanding performance, which topped 50 million tons. Despite this, setbacks in Rio Grande do Sul prevented a further advance. Exports are still expected at 107 million tons, a potential record aided by the tariff battle between the United States and China, encouraging Chinese purchases from Brazil. Ending stocks were boosted to 4.59 million tons to reflect the increased supply.
Source: StoneX/Notícias Agrícolas (*Translated by Ia Niani)
STONEX PREDICTS RECORD-BREAKING BRAZILIAN SOYBEAN HARVEST OF 168.4 MILLION TONS FOR 24-25 SEASON
Published On - 9 de May de 2025