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Take look at Brazil's soybeans

Michael Langemeier and Joana Colussi Purdue Center for Commercial Agriculture
Mar 22, 2026
1 hr ago

Soybeans harvested — Profits in Brazil have declined as soybean prices weaken while production costs remain inflated. For the current crop season, expectations of another record soybean harvest are expected to further reduce Brazilian-producer returns.
Iowa Soybean Association

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Michael Langemeier and Joana Colussi Purdue Center for Commercial Agriculture

Brazil is projected to produce a record 6.5 billion bushels of soybeans in the 2025-2026 crop season, while farm margins should decline to their worst level in almost two decades. Depressed soybean prices, increased production costs and weak port premiums have compressed profitability for Brazilian farmers. The situation could lead to a slowdown in soybean-acreage expansion in Brazil, which has been increasing year after year since the early 2000s. In this article we analyze production costs, revenues and profits for high-technology soybean production in Brazil. We also present the latest official projections for the harvest currently underway and discuss the implications of the changing economic environment for the global soybean market.

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Michael Langemeier is the director of the Purdue University-Center for Commercial Agriculture and an agricultural economist with Purdue University. Joana Colussi is an assistant professor in the Purdue University-Department of Agricultural Economics. Visit ag.purdue.edu for more information.