See how soybean week went

Brazil's soybean crops are expected to yield a record-breaking harvest of 173.71 million tons for the 2024/25 season, marking a 14.1% increase from the previous season, as reported by Safras & Mercado. This is attributed to an increase in the cultivation area and improved average productivity. However, some regions may see reduced productivity due to adverse weather conditions. Meanwhile, sales from the 2023/24 harvest are nearly at 100% as of January 10.

Despite some specific weather problems, Brazilian soybean crops are developing well and the indications are that the largest harvest in history will be harvested. The production forecast for the 2024/25 harvest, according to the most recent survey by Safras & Mercado, points to a total of 173.71 million tons, which represents an increase of 14.1% compared to the previous season's harvest, which was 152.3 million tons. In September, the estimate was 171.78 million tons, which represents an increase of 1.12% in the current projection. The area destined for soybean cultivation also increased, estimated at 47.47 million hectares, which represents an expansion of 2.2% compared to the 46.48 million hectares of the 2023/24 harvest. In addition, average productivity is expected to increase from 3,295 to 3,678 kilos per hectare. Rafael Silveira, analyst and consultant at Safras & Mercado, points out that the revision of estimates was motivated by climate factors and, consequently, by the ...