El informe de julio del Departamento de Agricultura de los Estados Unidos (USDA) proyectó una producción argentina en la campaña 2025/26 de soja en 48,5 millones de toneladas. Para 2024/25, el volumen fue ajustado al alza, de 49 millones a 49,9 millones de
toneladas, cuando el mercado esperaba 49,3 millones.
En tanto, se proyectó una cosecha mundial de soja para la campaña 2025/26 de 427,68 millones de toneladas. Para la campaña 2024/25, la previsión es de 422 millones de toneladas.
Los stocks finales para 2025/26 se estiman en 126,1 millones de toneladas, por encima de la previsión del mercado, que era de 125,5 millones de toneladas. Para la campaña 2024/25, los stocks están estimados en 124,3 millones de toneladas, frente a una expectativa previa de 125,1 millones de toneladas.
El USDA indicó una cosecha brasileña en 2025/26 de 175 millones de toneladas. Para 2024/25, la estimación se mantuvo en 169 millones de toneladas, mientras que el mercado esperaba 169,4 millones.
Las importaciones de China se estiman en 112 millones de toneladas en 2025/26 y en 106,5 millones para 2024/25, frente a los 112 millones y 108 millones proyectados en el informe anterior.
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