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After conducting crop tours through Brazil, several consulting firms reduced their estimate of the 2024/25 Brazilian soybean crop. AgRural lowered their recent estimate of the 2024/25 Brazil soybean production 2.8 million tons to 168.2 million. Yields in Parana and Mato Grosso do Sul are variable and generally disappointing, but the biggest reason for the lowered

Soybean prices have fallen due to limited demand and reduced trading activity. A high supply of soybeans from North and South America continues to saturate the European market.

The Brazilian soybean harvest progressed rapidly last week, reaching roughly 37.6% of the total estimated area. This rate is slightly above the 37.4% registered in the same period last year and higher than the five-year average, which is 34.3%. The more favorable in the Midwest contributed to the accelerated pace of harvesters in the field.