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A persistent dry spell in Brazil's main farming areas has slowed the start of soybean planting. Luís Eduardo Magalhães recorded zero rain over seven days, while Sorriso got 4.2 mm and Rio Verde got 6.6 mm over five to six dry days.
Growers worry that the dryness will stress newly planted seedlings.
Dry conditions in the key soybean regions of Mato Grosso, Goiás and Matopiba raise the risk of delayed planting and crop stress in the world's largest soybean exporter, supporting soybean and meal prices.
brznews.comCarlos MendesOct 7, 2026After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
