SLC Agrícola will plant 442,075 hectares of soybeans in 2026/27, 2.9% more than in 2025/26, and has already priced 53.6% of that crop at an average of USD 449 per tonne. It has also sold 62.1% of its cotton and only 6.2% of its corn.
SLC Agrícola, one of Brazil's largest agricultural corporations by production scale —it farms more than 830,000 hectares—, will grow in the 2026/27 cycle mainly in soybeans and cotton, while keeping its corn area virtually unchanged.
The company's latest quarterly report shows that it will plant 442,075 hectares of soybeans, above the 436,906 projected at the start of the campaign and 2.9% more than the area planted in 2025/26.
On planting progress, the company noted: “In Mato Grosso, the soybean areas that precede cotton and second-crop corn were planted within the optimal window, which helps preserve the best planting windows and the productive potential of the subsequent crops”.
“In the state of Bahia, the areas under irrigation have already been planted; meanwhile, rainfed soybeans, both in Bahia and in Maranhão, are advancing at a good pace. Overall, although accumulated rainfall is slightly below the historical average, so far the distribution of the rains has been quite adequate for the development of fieldwork and good crop growth in all the states,” it added.
On marketing, the report states: “Taking into account the prices and the commitments made, we have already priced 53.6% of the soybeans (from the crop expected for 2026/27), 62.1% of the cotton and 6.2% of the corn”. The average hedged price for 2026/27 soybeans is USD 449 per tonne.
The low coverage level in corn follows the forwards and futures and options policy of CME Group: SLC Agrícola expects a recovery in the grain's price and is therefore in no hurry to lock in prices.
As for costs for the 2026/27 campaign, the company closed the quarter ended September 30 with practically all inputs contracted and an increase of just 2.2% in the average production cost per hectare. Likewise, 89% of its debt is concentrated in the long term.
At the end of October, the irrigation project at Piratini Farm was completed; the property has 13,203 hectares under irrigation. “With the completion of this stage, the company's irrigated area totals 25,699 hectares, which is equivalent to 44% of the 58,540 hectares contemplated in the irrigation project”.
The irrigation expansion program is largely tied to the consolidation of the seed production business for soybeans, cotton and Brachiaria, which has been growing steadily in recent years.
