Farmers in Brazil are expected to harvest 184 million metric tons of soybeans in the 2026-27 marketing year, the US Department of Agriculture’s attache in Brasilia said in a report released on Thursday.
The unofficial forecast in the attache’s report, issued by the USDA’s Foreign Agricultural Service, is below USDA’s official projection for a 2026-27 Brazilian soybean crop of 186 million tons.
Still, the attache’s forecast represents an increase of nearly 2% from 2025-26, when Brazil, the world’s largest soybean grower, produced a 180.5 million-ton crop.
“Favorable early-season rainfall has supported planting across major producing regions, but persistent rain in Rio Grande do Sul and forecasts of severe weather in several states could hurt crop development,” the report said.
The attache expects weather-related concerns to affect harvest operations more than planting, the report said.
Brazil soybean exports to slip in 2027
“Despite expectations of an El Niño season in Brazil, soybean producers remain optimistic, with most concerns focused on their second-season corn and cotton crops,” the report said.
The attache’s report projected Brazil’s 2026-27 soybean exports at 117.5 million tons, up 2.1% from 2025-26 but below the USDA’s official forecast of 118 million tons.