# StoneX raises Brazil 2026/27 soybean crop forecast to 184.95 million tonnes

> StoneX raised its estimate for Brazil's 2026/27 soybean crop by 0.9% to 184.95 million tonnes, citing better yields in Mato Grosso from fast planting and favorable early-season weather. The consultancy flagged climate risks in Pará, Maranhão and Piauí due to El Niño.

- Date: 2026-11-03 · published 2026-11-03T15:14:52.945Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/77952-stonex-raises-brazil-2026-27-soybean-crop-forecast-to-184-95-million-tonnes
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A larger Brazilian crop estimate adds export supply and tends to weigh on soybean and meal prices, while El Niño risk in northern states could limit upside later in the season.

## Read by commodity

- SBM: bearish ▼
- SBO: neutral
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-07-13 | [2019/20 soybean stocks raised to 620 million - McKeany-Flavell](https://feedsoft.ai/events/52077-2019-20-soybean-stocks-raised-to-620-million-mckeany-flavell.md) | +0.7% | -2.4% |
| SOY | 2021-03-09 | [March 2021 WASDE: USDA unexpectedly raises Brazilian soy forecast](https://feedsoft.ai/events/48069-march-2021-wasde-usda-unexpectedly-raises-brazilian-soy-forecast.md) | -1.3% | -1.3% |
| SOY | 2026-09-15 | [Argentina's Soybean Area Set to Expand to 17 Million Hectares for 2026/27](https://feedsoft.ai/events/13777-argentina-s-soybean-area-set-to-expand-to-17-million-hectares-for-2026-27.md) | +3.3% | +0.2% |
| SOY | 2017-08-14 | [Brazil: Estimates for corn and soybean crop are raised again](https://feedsoft.ai/events/69285-brazil-estimates-for-corn-and-soybean-crop-are-raised-again.md) | +0.2% | +2.1% |
| SOY | 2024-08-22 | [Record US soybean crop forecast in 2024 \| World Grain](https://feedsoft.ai/events/28788-record-us-soybean-crop-forecast-in-2024-world-grain.md) | -0.5% | +5.2% |
| CORN | 2025-02-13 | [Brazil’s Conab Raises Grain Output Forecast on Bigger Corn Crop](https://feedsoft.ai/events/13512-brazil-s-conab-raises-grain-output-forecast-on-bigger-corn-crop.md) | +1.7% | -6.8% |
| CORN | 2021-03-09 | [March 2021 WASDE: USDA unexpectedly raises Brazilian soy forecast](https://feedsoft.ai/events/48069-march-2021-wasde-usda-unexpectedly-raises-brazilian-soy-forecast.md) | -10.3% | -1.3% |
| CORN | 2017-08-14 | [Brazil: Estimates for corn and soybean crop are raised again](https://feedsoft.ai/events/69285-brazil-estimates-for-corn-and-soybean-crop-are-raised-again.md) | -2.0% | -4.4% |

## Sources

- br.investing.com: https://br.investing.com/news/commodities-news/stonex-eleva-previsao-de-safra-de-soja-2627-do-brasil-para-18495-mi-t-2113293
- novo2026.portaldoholanda.com.br: https://novo2026.portaldoholanda.com.br/mundo/stonex-eleva-previsao-de-safra-de-soja-2627-do-brasil-para-18495-mi-t
- noticiasagricolas.com.br: https://www.noticiasagricolas.com.br/noticias/agronegocio/430750-stonex-eleva-producao-de-soja-e-algodao-do-brasil-e-ve-avanco-na-2a-safra-de-milho.html
- noticiasagricolas.com.br: https://www.noticiasagricolas.com.br/noticias/soja/430765-soja-fecha-em-queda-pelo-2-dia-em-chicago-mesmo-com-novas-vendas-dos-eua-stone-x-eleva-projecao-da-safra-brasileira.html

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