Brazil will surpass the United States to become the world’s largest soybean producer in ten years. This forecast is in the report Agricultural Outlook 2017-2026, released by the Organisation for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization (FAO).
According to the report, soybean production in Brazil is expected to grow at 2.6% per year, the highest rate among major global producers, 
driven mainly by greater availability of planting area compared to Argentina (projected growth of 2.1% per year) and the United States (1% per year).
As a result, exports of the product in 2026 are likely to be dominated by Brazil and the United States, which together will account for nearly 80% of global exports.
Global soybean production is expected to grow at a slower pace during the study period: forecasts indicate that it will continue to grow, but at a rate of 1.9% per year, down from the 4.9% achieved in the last decade.
The report states that Brazil and Argentina experienced the largest area expansion in the last ten years, adding 10 and 8 million hectares to the global area, respectively, and that the two countries are expected to show similar expansion trends in the next ten years.
Source: BrazilGovNews