
The USDA FAS Oilseeds and Products Annual report, released March 21, projects Brazil's 2025/26 soybean planted area at 48.2 million hectares and output at 173 million metric tons. Record soybean exports of 112 million tons are forecast, led by strong Chinese demand.
A larger Brazilian crop and record exports add supply competition for US soybeans and meal in export markets, which tends to weigh on soy complex prices.
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.
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.