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

SAO PAULO, May 4 (Reuters) - Brazil's soybean production is expected to reach 181.6 million metric tons in 2025/26, consultancy firm StoneX said on Monday, raising its outlook by around 1% from an April projection.

• The revision reflects higher productivity estimates across the country and an upward revision for the planted area in the Rio Grande do Sul state, the consultancy said.

• "As a result, even with yield losses due to the weather, the state is on track to reach a production level of around 21 million tons," it said about the southern state.

CORN

• The country's total corn crop was estimated at 137 million tons in 2025/26, up from a previous forecast of 135.7 million tons.

• The upward revision came due to a 4% increase in the forecast for the first corn crop to 28.3 million tons.

• The estimate for Brazil's 2025/26 second corn crop, which represents the bulk of production, remained roughly unchanged at 106.1 million tons.