Mar 19, 2026
Brazil Soybean Estimate Unchanged at 178.0 Million Tons
Author: Michael Cordonnier/Soybean & Corn Advisor, Inc.
Rainfall over the weekend in Brazil once again favored the northern locations with generally dry conditions in south central areas. Heaviest amounts were in Mato Grosso, Goias, and Minas Gerais. Rainfall this week is expected to favor northern areas with limited amounts in south central Brazil.
Brazil soybeans were 61% harvested as of late last week compared to 70% last year according to AgRural. This represents an advance of 10% for the week. The soybean harvest is being slowed by wet weather in northern Brazil and yields are being hurt by dry weather in Rio Grande do Sul. Brazil's soybean estimate was left unchanged this week at 178.0 million tons, but the estimate could move slightly lower depending on the outcome in Rio Grande do Sul.
Mato Grosso - The soybean harvest in Mato Grosso was 96.4% as of last Friday compared to 97.3% last year and 90.6% average according to the Mato Grosso Institute of Agricultural Economics (Imea). This represents an advance of 7.2% for the week. The slowest harvest pace is in the southeastern part of the state where the soybeans are 90% harvested.
Below is the soybean harvest pace in Mato Grosso for March 13, 2026 from Imea.
Imea is now estimating the average soybean yield in the state at 65.87 sacks per hectare (3,952 kg/ha or 58.8 bu/ac) which is an increase of 1.7% compared to their prior estimate. Total soybean production is projected at 51.4 million tons, which is an increase of 1% compared to last year and a new record production.
Farmer selling in Mato Grosso - Farmers in Mato Grosso have sold 56.5% of their anticipated 2025/26 soybean production, an advance of 7% compared to January. The average soybean price during February was R$ 107.19 per sack (approximately $9.13 per bushel).
For the 2026/27 soybean crop that will be planted starting in September, farmers in the state have forward contracted 3.9% of their anticipated production, an advance of 2.5% compared to January. Last year at this time, farmers had sold 4.9% and the 5-year average is 10.5%. The average price for the 2026/27 crop was R$ 107.48 per sack (approximately $9.21 per bushel).