Dollar rise and global tension reignite soybean price increase in Brazil.

Domestic soybean prices rose last week, according to surveys by Cepea. The boost came mainly from producers' reluctance to sell large volumes.

According to the Research Center, soybean farmers are paying close attention to the appreciation of the dollar against the Real (which makes the Brazilian commodity more attractive compared to the American grain), the increased external demand, and the new tariffs announced by the United States government on China, which will come into effect in November and could further increase Brazilian sales to the Asian country.

However, researchers explain that this scenario put pressure on soybean futures prices in the US, and in turn, external price declines limited price increases in the Brazilian market.

Regarding the 2025/26 Brazilian harvest, data from Conab indicates an increase in area of 3.61 TP4T compared to the previous year, reaching a record 49.07 million hectares, mainly due to the replacement of rice cultivation with soybeans. Production is estimated at 177.6 million tons.