The 2025/26 Brazil soybean production has been trimmed slightly (<1%) to 178.1 million tons, with the harvest nearing completion on schedule in the central-west area, while localized delays continue in parts of the southeast and northeast, according to ADM Investor Services. A record-high yield/production outlook is sustained. Current median estimate is slightly below the USDA’s World Agricultural Outlook Board (WAOB)’s 180 million tons (released on 10 March), which assumes total soy sowings at 49.4 million hectares and a national level yield of 3.64 tons per hectare (tph) (vs. LSEG Agriculture Research’s 48.8 million hectares and 3.65 tph, respectively). Brazil’s agriculture state agency (CONAB) has lately pegged its total soybean production and area at 177.8 million tons and 48.4 million hectares, respectively (released March 13).