The US Department of Agriculture released a supply and demand report on Tuesday, predicting that Brazil's soybean production in 2025/26 will reach 180 million tons, an increase of 2 million tons from last month's forecast, a year-on-year increase of 8.5 million tons or 4.96%.

The US Department of Agriculture has raised its forecast for Brazil's soybean production for 2025/26 to 180 million tons, an increase of 2 million tons from the previous month and a year-on-year growth of 4.96%. The increase in supply expectations may lead to oversupply in the market, exerting significant downward pressure on soybean spot prices.

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