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Conab forecasts a record Brazilian soybean crop of 177.1 million tons for the 2026 harvest, up 3.3% from last year. Farmers warn of oversupply as acreage expands, with domestic stockpiles possibly growing.
Trade tensions are complicating export strategies.
A record Brazilian crop expected to exceed demand points to lower global soybean and meal prices in 2026. Buyers can expect ample protein supply.
farmprogress.comBloombergJan 1, 2026After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
