Brazil’s Massive Soy Output Risks Global Glut, Lower Prices

In the world’s top soybean exporter Brazil, farmers long accustomed to chasing record harvests are suddenly confronting a new worry: the threat of producing far more than the world can absorb, just as US President Donald Trump is reshaping global trade flows.

A record 177.1 million tons of soybeans is expected to be collected in the harvest that starts early in 2026, Brazil’s crop agency Conab said Thursday — a minor cut from previous estimates and still a 3.3% boost from last year. That raises the possibility of an escalating oversupply problem that pushes global prices lower.