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international

Brazil Heads for a Record Soybean Harvest as Farm Margins Approach Breakeven

Brazil is projected to produce a record 6.5 billion bushels of soybeans in the 2025-26 crop season, but farm margins are expected to fall to their lowest level in nearly two decades. Lower soybean prices, elevated production costs, and weak port premiums are compressing profitability for Brazilian farmers, raising questions about whether the country’s rapid soybean acreage expansion can continue.

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Why Brazil’s Soybean Costs Are Lower Than in the U.S.

Brazil has gained a significant cost advantage in global soybean production — and farm-level data helps explain why. In this Purdue Commercial AgBrief, Joana Colussi compares soybean production costs, revenues, and profitability between a typical farm in Iowa and one in Mato Grosso, Brazil using standardized agri benchmark data from 2020–2024.

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U.S. and Brazil Soybean Competitiveness: Farm-Level Costs and Returns

This article compares farm-level soybean costs and profitability in Iowa and Mato Grosso from 2020–2024. Brazilian farms face higher direct input costs, while U.S. farms carry heavier land-related overhead. Structural cost differences help explain Brazil’s sustained profitability and ongoing competitiveness in global soybean markets.

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International Benchmarks for Soybean Production (2024)

Examine the competitiveness of soybean production for important international soybean regions using 2018 to 2022 data from the agri benchmark network.

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International Benchmarks for Wheat Production (2022)

This paper examines the competitiveness of wheat production for important international wheat production regions using 2016 to 2020 data from the agri benchmark network. Data from ten typical farms with wheat enterprise data from Argentina, Australia, Canada, Germany, Russia, Ukraine, and United States were used in this paper.

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International Benchmarks for Soybean Production (2022)

Examining the competitiveness of soybean production in different regions of the world is often difficult due to lack of comparable data and agreement regarding what needs to be measured. This paper examines the competitiveness of soybean production for important international soybean regions using 2016 to 2020 data from the agri benchmark network. 

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International Benchmarks for Corn Production (2022)

This paper examines the competitiveness of corn production for important international corn regions using 2016 to 2020 data from the agri benchmark network. The agri benchmark network collects data on beef, cash crops, dairy, pigs and poultry, horticulture, and organic products. There were 16 countries with corn data for 2020 represented in the cash crop network.

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International Benchmarks for Wheat Production (2021)

This paper examines the competitiveness of wheat production for important international wheat production regions using 2015 to 2019 data from the agri benchmark network. 

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International Benchmarks for Soybean Production (2021)

This paper examined yield, gross revenue, and cost for farms in the agri benchmark network from Argentina, Brazil, Russia, the Ukraine, and the United States with soybean enterprise data.  Yield, gross revenue, and cost were substantially higher for the U.S. farms. 

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International Benchmarks for Corn Production (2021)

Examining the competitiveness of corn production in different regions of the world is often difficult due to lack of comparable data and agreement regarding what needs to be measured. This paper examines the competitiveness of corn production for important international corn regions using 2015 to 2019 data from the agri benchmark network.

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