# Global Soybean Prices Face Further Pressure as South American Supply Expands

> Soybean futures fell 6.4% from 1,303.0 cents per bushel on October 6 to 1,219.6 cents on November 2. Brazil's currency weakened sharply after the October 25 presidential election, and Brazilian soymeal FOB Paranaguá fell $14.22 to $384.92 per ton on October 26. CONAB forecasts Brazil's 2026/27 soybean crop at 181.6 million tons.

- Date: 2026-11-02 · published 2026-11-02T21:06:49.338Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/75786-global-soybean-prices-face-further-pressure-as-south-american-supply-expands
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A weaker real makes Brazilian soybean and meal cheaper in dollar terms, adding export competition to US supplies and pressuring global soy and meal prices. Uncertain Chinese demand compounds the downside.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-04-14 | [China Imports Hit Record High Amid Global Supply Pressures](https://feedsoft.ai/events/14588-china-imports-hit-record-high-amid-global-supply-pressures.md) | +0.3% | +3.2% |
| SOY | 2017-05-18 | [Brazil's Scandal Hits Soybean Prices](https://feedsoft.ai/events/7584-brazil-s-scandal-hits-soybean-prices.md) | -2.8% | -4.2% |
| SOY | 2022-12-16 | [Global recession worries chip away at corn, soybeans – The Seam](https://feedsoft.ai/events/5521-global-recession-worries-chip-away-at-corn-soybeans-the-seam.md) | -0.4% | +4.5% |
| SOY | 2020-03-10 | [Corn, soybean prices fall, equity markets collapse \| TSLN.com](https://feedsoft.ai/events/11275-corn-soybean-prices-fall-equity-markets-collapse-tsln-com.md) | -4.8% | -0.9% |
| SOY | 2020-03-09 | [Corn, soybeans, wheat drop about 2% as global markets recoil \| Financial Post](https://feedsoft.ai/events/11269-corn-soybeans-wheat-drop-about-2-as-global-markets-recoil-financial-post.md) | -4.1% | -3.3% |
| SBM | 2026-10-29 | [The sharp fall in the real exchange rate has caused soybean meal prices to collapse in Brazil and China, which is increasing pressure on prices in Ukraine.](https://feedsoft.ai/events/1392-the-sharp-fall-in-the-real-exchange-rate-has-caused-soybean-meal-prices-to.md) | -3.3% | — |
| SBM | 2022-12-16 | [Global recession worries chip away at corn, soybeans – The Seam](https://feedsoft.ai/events/5521-global-recession-worries-chip-away-at-corn-soybeans-the-seam.md) | -0.6% | +11.9% |
| SBM | 2017-06-26 | [Slumping Commodity Prices Pressure the Brazilian Real in 2Q17](https://feedsoft.ai/events/70712-slumping-commodity-prices-pressure-the-brazilian-real-in-2q17.md) | +3.7% | +11.0% |

## Sources

- buyermetricsnews.com: https://buyermetricsnews.com/commodities/grains/global-soybean-price-forecast-brazil-argentina-supply/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.