Update

Brazilian G&O monthly update – June 2026

18 June 2026 15:00 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

    Brazilian soybean farmgate prices increased 2% MOM in June. Strong demand from both exports and crushing has slightly favored local prices. Farmgate corn prices declined by 4% MOM in June, pressured by strong competition from the US and Argentina, as well as a robust domestic crop. Brazilian soybean exports reached 14.8m metric tons in May, a 5% increase compared to May 2025. Year-to-date soybean exports totaled 55m metric tons, a 7% increase compared to last year. A record harvest and Brazil’s strong export competitiveness underpinned exports. Corn exports in May totaled 0.25m metric tons, down 47% from the previous month. RaboResearch forecasts that 2026 export volumes will decline compared to 2025. The safrinha harvest reached 7% completion this week, 3 percentage points above this time last year. Overall, conditions are favorable in Mato Grosso, while some losses are expected in Goiás, Tocantins, and Minas Gerais. RaboResearch forecasts total corn production at 138m metric tons for the 2025/26 season.

This is an exclusive article

Log in or sign up to request access