The forecast for Brazil's soybean yield from 2024 to 2028 shows a steady upward trend, with an annual increase from 3.54 metric tons per hectare in 2024 to 3.7 metric tons per hectare in 2028. This represents a consistent yearly growth rate of approximately 1.12%. Compared to 2023, where the yield stood at 3.50 metric tons per hectare, the 2024 yield forecast shows a moderate increase. Over the last five years, the Compound Annual Growth Rate (CAGR) is expected to be roughly 1.12%, indicating stable improvement in yield capacity.
Future trends to watch for involve climate impact on crop production, technological advancements in agricultural practices, and potential trade policy changes affecting global soybean demand. These factors could influence yield projections and need close monitoring.
