Sao Paulo | Reuters — Brazil’s soybean planting area is expected to remain stable in the upcoming 2026/27 season, but the scenario depends heavily on how long the U.S.-Israeli war on Iran lasts, agribusiness consultancy Agroconsult said on Wednesday.
Brazil, the world’s largest soybean producer and exporter, is facing rising production costs due to the conflict, including higher fertilizer and fuel prices.
“I confess that in 30 years I’ve never seen so many loose ends to tie up,” Agroconsult Chief Executive Andre Pessoa said during the firm’s forecast release event.
Brazil has expanded its soybean area year after year, with planting typically starting in mid-September.
If the war drags on amid difficult credit conditions, producers may reduce input investments and cut planting area, Pessoa said.
Earlier on Wednesday, Agroconsult estimated a record soybean crop for the 2025/26 season at 184.7 million metric tons.
— Reporting by Roberto Samora
