Brazil's 2025/26 soybean estimate was left unchanged at 176.0 million tons, with most private analysts having trimmed forecasts after irregular October and November rain. Soybean planting in Brazil is in the low 90% range, slightly behind last year, with Rio Grande do Sul lagging at 74% planted versus an 81% average.
A neutral-to-lower bias in Brazilian soybean estimates reduces expected export supply, which can support soybean and meal prices if dryness persists in the south.
After 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.