Despite the rise in export volume, soybean export revenues totaled $5 billion, down 1.2% from the previous year. This decline was driven by a 7.1% drop in the average price of soybeans, highlighting the impact of market price fluctuations on trade earnings.
China played a significant role in the export surge, importing a record 11.67 million tons of soybeans in July 2025, an 18.5% increase from the previous year. A spokesperson from the Brazilian Ministry noted: “China’s demand has been a key driver in our soybean export growth this season.” Brazil has now overtaken the United States as China’s primary soybean supplier for the current season, with expectations of continued growth in shipments.
Looking ahead, Brazil’s soybean production for the 2025/26 season is projected to reach 177.2 million tons, a 2.5% increase from the record-setting 2024/25 season. Analysts anticipate that exports will rise to 110 million tons, compared to 106 million tons in the previous season, signaling robust prospects for Brazil’s soybean industry.
The combination of higher production forecasts and sustained international demand underscores Brazil’s growing role in the global soybean market. As the 2025/26 season approaches, the country is well-positioned to meet rising needs from major importers while navigating challenges posed by price volatility.
