A recent survey by Datagro Gr\u00e3os indicates that, despite underperformance compared to 2024\/25, gross profitability of Brazilian soybeans in 2025\/26 is expected to remain largely positive. This reflects the combination of production costs, productivity, and expected revenue, which sustain relatively favorable gross margins for producers.<\/p>\n
Initially, there was a notable increase in costs\u2014especially in Mato Grosso, Paran\u00e1, and Goi\u00e1s\u2014after two consecutive years of contraction. In addition to the increase in spending on inputs (seeds, fertilizers, and pesticides), exchange rate fluctuations made foreign purchases more expensive, putting pressure on results.<\/p>\n
![](\"https:\/\/i0.wp.com\/opresenterural.com.br\/wp-content\/uploads\/2025\/08\/shutterstock_759949660.jpg?resize=300%2C200&ssl=1\")
<\/p>\nPhoto: Shutterstock<\/p>\n<\/div>\n
In terms of productivity, estimates point to good yields, supported by the regular use of technology and relatively stable weather conditions, even with the possibility of a weak La Ni\u00f1a. Of note is the recovery in average productivity in Rio Grande do Sul and Mato Grosso do Sul, areas severely affected by the lack of rainfall in 2024\/25. In the other states, a slight decline is expected, but still above the historical average \u2013 allowing some dilution of the high costs per hectare.<\/p>\n
Finally, on the revenue side, Datagro estimates that oilseed prices will remain under pressure in 2025\/26, at a lower level than this year, limiting producers' gross profits. The decline reflects the prospect of full harvests in the US and Brazil, leading the global market to record its fourth consecutive surplus.<\/p>\n
Consequently, gross profitability is projected, still initially, to be 46% in western Paran\u00e1 (x 47% in 2024\/25), 17% in southern Mato Grosso (x 29% in 2024\/25) and 25% in southwestern Goi\u00e1s (x 46% in 2024\/25). Recoveries are expected in northern Rio Grande do Sul (25% in 2025\/26 x -7% in 2024\/25) and southern Mato Grosso do Sul (21% in 2025\/26 x 13% in 2024\/25).<\/p>\n<\/div>\n