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Brazil’s record soybean harvest faces declining profits due to low prices and high costs, threatening future expansion.
Brazil is set to harvest a record 6.5 billion bushels of soybeans in 2025-2026, maintaining its top export position, mainly to China.
Despite the large output, farm profits are expected to drop to their lowest level in nearly two decades due to falling prices, high production costs—especially for fertilizers and interest rates—and reduced port premiums.
Many farmers are operating at or near breakeven, prompting caution about future acreage expansion, which has grown steadily since the early 2000s.
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La cosecha récord de soja de Brasil se enfrenta a la disminución de las ganancias debido a los bajos precios y los altos costos, lo que amenaza la expansión futura.