Update

Brazilian G&O monthly update – June 2025

30 June 2025 12:13 RaboResearch

Our latest report for Brazilian G&O, detailing farmgate prices, amounts sold, exports, and crush margins for corn and soybeans, as well as regional weather developments.

Rabobank

Highlights

    In June, Brazilian soybean farmgate prices remained nearly unchanged compared to the previous month. Farmgate corn prices in June were 17% lower than the previous month. The decline has been attributed to favorable safrinha crop conditions, a stronger Brazilian real, and a reported case of bird flu in Brazil. In May 2025, Brazilian soybean exports reached 14.1m metric tons, 8% lower than the previous month. Year-to-date exports are 3% above last year. Despite the US and China’s battle over tariffs, export growth was modest in the first half of 2025. In May 2025, corn exports totaled 0.04m metric tons, 78% lower than the previous month. Year-to-date corn exports are 18% below last year’s level. Excellent weather conditions boosted yields across key safrinha-producing regions. Despite concerns during planting, abundant rainfall has increased yield potential.

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