Update

Brazilian G&O monthly update – December 2025

19 December 2025 11:13 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 December, Brazilian soybean farmgate prices fell by 1% compared to the previous month. Weak demand and expectations of a record crop put pressure on local soybean prices. In December, farmgate corn prices rose by 2% compared to the previous month. Concerns that 2025/26 safrinha corn could be planted outside the ideal window helped support local corn prices. In November 2025, Brazilian soybean exports reached 4.2m metric tons, down 38% from the previous month. Year-to-date exports are 8% above the same period last year. RaboResearch estimates Brazilian soybean exports at 110m metric tons for the 2024/25 season. In November 2025, corn exports totaled 5.0m metric tons, 23% lower than the previous month. Year-to-date corn exports are 2% below last year’s level. Crop conditions remain good so far, with soybean planting at 94%. December rainfall has improved soil conditions and favored the grain-filling stage, particularly in Mato Grosso and Paraná.

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