Brazil set a new soybean export record in 2026, with shipments in the first ten months already exceeding the total for all of 2025. Official customs data put exports at 106.5 million tonnes in January to October, up 5.9 percent on the year, for revenues of about 46 billion dollars. Seaborne tracking by Ursa Shipbrokers put the same period at 108.4 million tonnes, up 7.9 percent.
ANEC, the cereal exporters association, put January to October exports at 107.4 million tonnes, between the two other series. In October Brazil exported about 6 to 6.5 million tonnes as shipments from the old harvest wound down.
The next crop points the same way. USDA held its 2026/27 Brazilian production forecast at 186 million tonnes in its November report, with exports projected at 118 million tonnes. Brazil’s Conab is more conservative at 181.62 million tonnes.
Site tables put soybeans at 1235.2 cents a bushel, up 0.67 percent on the day and, with corn and wheat also higher, grains were the firmest group in the morning snapshot. Record South American supply is the lid on that strength once the new crop is planted.