Conab Brazil 1st Grain Survey of the new crop year was just released. Here is a Google translated excerpt of the Conab website information. According to the company's research, soybean production could reach 181.6 million tons, exceeding the result obtained in the last harvest by 0.7%. This volume is influenced by a 1.4% growth in the area to be sown, projected at 49.3 million hectares. With 15.6% of sowing completed at the beginning of October, the oilseed crop shows 57% of that percentage in vegetative development. In Mato Grosso and Paraná, the largest grain producers in the country, the percentages recorded for the sown area are 25.2% and 36%, respectively. The projected area for corn planting also shows an increase, estimated at 23.7 million hectares, a value 4.9% higher than the 2025/26 cycle, considering the three harvests of the cereal. The total volume of grain production could reach 148 million tons, 2.4% above that of the previous harvest. The first harvest is expected to register the largest growth in area, totaling 4.54 million hectares, with an increase of 10.7% compared to the previous period. In the Southern region, the area sown by October 9th had already approached 80% in the three states, reaching the greatest progress in Santa Catarina, corresponding to 79.9%. Soybean exports are estimated at 117.97 million tons, representing an increase of approximately 1.51% compared to the previous harvest, equivalent to an increase of 1.76 million tons. For soybean meal shipments, Conab forecasts a 3.06% increase, resulting in an estimated 27.1 million tons sent abroad. In the domestic market, demand is expected to remain strong, driven by biodiesel and increased consumption of vegetable protein. For corn, exports are expected to reach 43.9 million tons in the 2025/26 cycle, with stocks adjusted to 16 million tons in February 2027. The increased use of corn for ethanol production should lead to a 6.6% increase in domestic consumption of the grain in the 2026/27 cycle. The commercial situation also points to high export levels due to strong production performance. For carryover stocks, the cycle should end with a volume corresponding to 14.9 million tons.