In the first eight months, Brazil exported 94.3 million tons of soybeans, with 70% going to China.
2026/09/12
Data released on the 9th by the National Association of Grain Exporters of Brazil (ANEC) show that from January to August 2026, Brazil’s cumulative soybean exports totaled 94.3 million tons, with 71% destined for China.
Data show that, in the first eight months of this year, Brazil’s soybean exports exceeded 88.1 million tons—the same period in 2025—up roughly 7% year on year. China remains Brazil’s largest soybean export market, followed by Spain, Thailand, and Turkey, each accounting for 4% of total exports; next are Pakistan (3%), Vietnam (1%), and Iran (1%), with other markets making up about 6%.
ANEC data also show that Brazil exported approximately 9.6 million tonnes of soybeans in August. Based on vessel schedules, September exports are expected to total around 7.7 million tonnes. As soybean shipments enter their seasonal lull, Brazilian ports are gradually shifting their export focus to second‑crop corn.
According to the grain production survey for the 2025/26 marketing year released in August by Brazil’s National Supply Company (Conab), the soybean harvest has concluded, with output projected at approximately 180.5 million tons. As Brazil’s leading soybean-producing state, Mato Grosso is expected to account for 51.6 million tons of this total.
Brazil’s market is currently closely monitoring weather conditions and yield prospects in U.S. soybean‑producing regions. High temperatures and drought in July briefly hampered crop development in some areas, but August rains have since improved soybean filling conditions across several states.
As of the end of August, approximately 58% of U.S. soybean crops were rated as being in “good” or “excellent” condition. According to yield forecasts from the U.S. Department of Agriculture and market analysts, U.S. soybean production for the new season is expected to exceed 120 million tons, while global soybean supplies remain relatively ample.
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