Brazil Eyes Record Crop Year Despite Super El Niño

While harvest in the U.S. continues, Brazil’s Conab — its equivalent to the USDA — recently set the stage for another new growing season, releasing initial corn and soybean crop estimates for 2026-27.

The headline in the data was soybean production, which Conab pegged at 181.6 million metric tons, up 0.7% from last year and another all-time ...