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Conab's first 2025-26 survey projects Brazil's total grain output at 354.7 million tonnes, up 0.8%, with soybeans at 177.6 million tonnes on 3.3% more area. Corn output is forecast at 138.6 million tonnes, and corn exports are projected to rise to 46.5 million tonnes.
A larger Brazilian soybean crop and record-scale export outlook add supply to world markets, which is bearish for soybeans and meal, while higher crushing supports soybean oil demand.
world-grain.comJohn ReidyOct 14, 2025After 788 past bearish report events, SOY moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 1,102 past bearish report events, CORN moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 399 past bearish report events, SBM moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
After 296 past bullish report events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), 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.
