Brazil feeds the world, yet its farm-linked stocks are struggling. Through October 24, 2025, B3’s agribusiness index, IAGRO, is down 8.7% year-to-date—far worse than the basic-materials gauge (–0.64%) and the state-owned companies index (–0.13%). Nineteen of IAGRO’s 30 members are in the red, a sign that profits across the farm value chain are thinner than […]
