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Global agricultural markets face volatility amid US weather and Brazil production projections
The global agricultural market is experiencing significant volatility driven by weather conditions and production projections. In the United States, the USDA has reported reduced corn and soybean yields due to heavy rainfall and storms in the Corn Belt, specifically affecting states like Iowa and Ohio. While the USDA increased planted area for both crops, the downward revision in yields and ending stocks has kept markets sensitive.
In Brazil, the agricultural sector is projected to reach a Gross Production Value (VBP) of R$ 1.39 trillion in 2026, with soy, corn, and cattle contributing over half of that total. Despite expectations for a record corn harvest in the 2025/26 cycle, domestic corn prices in Brazil are rising. This trend is attributed to producers withholding supply from the spot market, delayed harvests, and high international prices that favor exports.
In Argentina, soybean prices have seen recent gains in the Rosario market, supported by Chinese import demand, even as Chicago futures showed mixed results. Meanwhile, corn futures for late 2026 and early 2027 have reached new highs on the B3 exchange, reflecting optimistic long-term price expectations.
Entities
Brazil · Chicago Board of Trade · Itaú BBA · Ministry of Agriculture and Livestock · ProFarmer Crop Tour · USDA · United States · United States Department of Agriculture
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Corn future prices for maturities starting in November 2026 reached new highs in August. farmnews.com.br
- [○ 1 SOURCE] Soy, corn, and cattle are expected to account for R$ 740.9 billion, or 53% of the 2026 VBP. nx1.com.br
- [○ 1 SOURCE] The Gross Production Value (VBP) for Brazilian agriculture is projected to reach R$ 1.39 trillion in 2026. nx1.com.br
- [● 3 SOURCES] The USDA reported a reduction in projected corn and soybean yields in the United States due to weather conditions. www.ocorreionews.com.br · ruralnet.com.ar · www.enfoquems.com.br
- [● 2 SOURCES] Corn prices in Brazil are rising despite expectations of a record harvest due to producer withholding. www.agronews.tv.br · www.capitalnews.com.br
- [○ 1 SOURCE] The USDA revised US corn ending stocks down to 1.653 billion bushels for the 2026/27 crop. www.enfoquems.com.br
- [○ 1 SOURCE] Brazil's corn production for the 2025/26 harvest is estimated at 143 million tons. nx1.com.br
- [● 2 SOURCES] Early reports from the ProFarmer Crop Tour indicate lower soybean pod counts in South Dakota. www.ocorreionews.com.br · radiovive.com.ar