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IBGE's June survey put Brazil's 2025 cereal, legume and oilseed harvest at a record 333.3 million tonnes, up 13.9% from 2024. Soybean output was estimated at a record 165.1 million tonnes and corn at 131.4 million tonnes.
A record Brazilian harvest expands global grain and oilseed supply, which is bearish for corn, soybean and meal prices and reinforces ample feed availability.
agenciadenoticias.ibge.gov.brJul 10, 2025After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
