브라질 곡류 및 콩류 인사이트

Brazil remains the world leader in soybean production and export, the country's main agricultural crop. According to the National Supply Company (Conab), the 2024/2025 harvest is expected to reach approximately 168.3 million tons, representing a 14% growth compared to the previous cycle.

The 2024/25 soybean harvest in Brazil was characterized by varied climatic conditions and instability in productivity projections, as highlighted in the soybean Rally retrospective. The cycle, which began under drought conditions and ended with excess or scarcity of rainfall depending on the region, had direct impacts on crops throughout all stages of cultivation.

CBOT corn futures declined for May 23-30. Corn price fell by 15.4 cents to 444.0 cents per bushel over the week. Prices are under pressure due to higher corn harvest forecasts in Brazil, while the expected precipitation in the states of Paraná and Mato Grosso do Sul in the coming days reduces weather uncertainties. The