StoneX raises outlook for Brazil's 2025/26 soybean crop

SAO PAULO, Jan 5 (Reuters) - Brazil's soybean production is expected to reach 177.6 million metric tons in 2025/26, consultancy firm StoneX said on Monday, raising its outlook by 0.2% from a December projection.

• The revision reflects higher yields in top farm state Mato Grosso and favorable December weather, StoneX said.

• "The outlook remains optimistic, pointing to record production, though late areas depend on favorable weather through mid-March," it said in a statement.

• The country's total corn crop was estimated at 134.3 million tons in 2025/26, roughly unchanged from a previous forecast.