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USDA's Brazil attaché projected Brazil's 2026/27 soybean crop at a record 184 million tonnes, up about 2% from the prior cycle. Planted area is expected to grow 1.4% to 49.7 million hectares, with early rains supporting planting.
November CBOT soybeans fell to $12.1975 on October 29.
A large Brazilian supply expected to reach export markets keeps pressure on world soybean, meal and oil prices and competes with US exports.
brznews.comCarlos MendesNov 2, 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 146 past bearish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% 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.
