
Brazil enters November with contrasting weather across producing regions, as soybean and corn planting advances. Conab projects Brazil's 2026/27 grain output above 360 million tonnes, with the outcome depending on rainfall regularity.
Uneven rain during planting could delay or reduce soybean and corn output, supporting prices if shortfalls appear, while a normal season keeps supply ample.
After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% over 20.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% 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.