Update

Brazilian G&O monthly update – August 2025

25 August 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 August, Brazilian soybean farmgate prices have increased by 1% compared to the previous month. Nevertheless, average grower prices in 2025 have remained unchanged compared to the same period in 2024.
    In August, corn farmgate prices have risen by 1% compared to the previous month and are 3% above August 2024 levels.
    In July 2025, Brazilian soybean exports reached 12.3m metric tons, 9% lower than the previous month. Year-to-date exports are 2% above the same period last year. Despite ongoing US-China trade tensions and a record soybean crop in Brazil, export growth has remained modest in 2025.
    In July 2025, corn exports totaled 2.4m metric tons, 559% higher than the previous month. Year-to-date corn exports are 25% below last year’s level. Corn exports are expected to strengthen from mid-October onward.
    Record soybean and corn crops characterize the 2024/25 season. RaboResearch estimates Brazil’s total corn output at 139m metric tons.

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