DES MOINES, IOWA (RFD-TV) — Brazilian farmers are ramping up soybean production, seizing a new opportunity from the U.S.-China trade war. Farmers in São Paulo are planting more crops, as China looks to Brazilian beans for the first half of 2026. Brazil’s government expects the next harvest to rise by nearly four percent. Analysts say the shift is short-term, but for now, Brazil is cashing in on global trade tensions.
Of course, this all hinges on Treasury Secretary Scott Bessent’s announcement over the weekend that China will buy more soybeans from the U.S. The hope that an agreement is headed our way has sent soybeans higher this week. President Trump and China’s president meet on Thursday in South Korea.
The President’s trip to Asia this week follows a trade mission by the Iowa Soybean Association. Farmers say they were reminded that U.S. soybeans have an international reputation that can be easy to take for granted here at home.
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Estimates for 2026 harvested crops remain early. Corn and sorghum are below their reference prices, while wheat and soybeans are above them.
