Jan 20, 2026
Soy Reduced 1.0 mt in Conab January Report, Corn Unchanged
Author: Michael Cordonnier/Soybean & Corn Advisor, Inc.
In their January Crop Report released on January 15, 2026, Conab lowered the 2025/26 Brazilian soybean production 1.0 million tons to 176.12 million. The 2025/26 corn estimate was left unchanged at 138.86 million tons.
Brazil's soybean acreage is estimated at 48.67 million hectares (120.2 million acres), which is down 260,000 hectares (642,200 acres) from the December report. This marks two months in a row that the soybean acreage has declined. In the December report, the soybean acreage was up 3.4% compared to last year, whereas in the January report, the soybean acreage is now up 2.8% compared to last year. Brazil's soybean yield was left unchanged at 3,619 kg/ha (53.9 bu/ac).
Usually, Conab increases the soybean acreage as the season progresses, so a reduction two months in a row in the middle of the growing season is highly unusual. The decline in acreage is being attributed to the irregular rainfall in central Brazil and planting problems in Rio Grande do Sul and Santa Catarina.
Brazil's 2025/26 corn estimate was basically left unchanged at 138.8 million tons. The first crop acreage is 4.02 million hectares (9.9 million acres) with a yield of 6,114 kg/ha (97.2 bu/ac) and a production of 25.8 million tons. The safrinha corn acreage is 18.09 million hectares (44.6 million acres) with a yield of 6,105 kg/ha (97.0 bu/ac) and a production of 110.4 million tons. The third crop acreage is 0.59 million hectares (1.4 million acres) with a yield of 4,241 kg/ha (67.4 bu/ac) and a production of 2.5 million tons.
The safrinha crop equates to 79.5% of Brazil's total corn production with the first corn crop at 18.6% and the third corn crop at 1.0%. Conab will issue its first assessment of the safrinha corn crop based on field observations in the February Crop Report.