Brazil Soybean Balance Sheet 2025/26 (February 9, 2026)

Brazil Soybean Balance Sheet Outlook 2025/26 (February 9, 2026) 

This report delivers Demetrica’s February 2026 update to Brazil’s soybean balance sheet, focusing exclusively on the 2025/26 season. It incorporates the latest information on harvest progress, export flows, domestic crush activity, and market conditions, and compares Demetrica’s independent projections with the USDA January WASDE. Using a transparent, data-driven methodology, the analysis evaluates production, exports, crush, and ending stocks on both a marketing year (October–September) and local year (January–December) basis. Monthly export and crush distributions are fully reconciled with annual balance sheets, providing clarity on how projected totals are achieved and how current year-to-date performance shapes the outlook for the remainder of the season. 

What’s Included:

Updated 2025/26 Brazil soybean balance sheets (Oct–Sep and Jan–Dec) 

Side-by-side comparison with USDA January WASDE estimates 

Monthly export projections supported by shipment data and seasonality 

Monthly crush outlook informed by Abiove data and biodiesel demand 

Production estimate grounded in harvest progress, regional conditions, and market signals. Implications for global trade flows and U.S. export competitiveness.