SAO PAULO: Brazil’s soybean planting area for the 2026/27 crop year is forecast to reach a record 49.006 million hectares, a 0.9percent increase from the previous cycle, consultancy AgRural said on Monday in its first forecast.
The forecast represents the 20th consecutive annual increase in Brazil’s soy area but also the smallest annual advance in two decades, limited by producer profitability concerns and El Nino caution.
The 443,000-hectare increase is constrained by higher production costs, stable prices, tighter credit, rising debt and El Nino concerns, AgRural said.
El Nino will bring rains for early planting in the center-west but risks longer dry intervals in northern regions, weather forecasting firm Nottus said last week.
Farmers in Brazil’s center-south had harvested 16percent of their 2026 second corn crop as of last Thursday, AgRural said, up from 8percent in the previous week and above the 13percent reported a year earlier.
Mato Grosso remained in the lead, followed by other states where rainfall and lower temperatures were limiting grain moisture loss and slowing fieldwork, AgRural said.
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