# Despite climate challenge, StoneX raises soybean, cotton and corn forecasts

> StoneX estimates Brazil's 2026/27 soybean crop at a record 184.95 million tonnes, up 0.9% from its prior estimate, with better yield prospects in Mato Grosso. It also raised its cotton and corn outlooks for Mato Grosso on favourable early-season weather, while warning of El Niño risks.

- Date: 2026-11-03 · published 2026-11-03T18:12:42.586Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/78141-despite-climate-challenge-stonex-raises-soybean-cotton-and-corn-forecasts
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A larger expected Brazilian soybean crop adds to global export supply and is bearish for soybeans and soybean meal, while the higher corn outlook adds to feed grain availability.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-04-11 | [USDA Forecasts Steady U.S. Corn and Soybean Supplies](https://feedsoft.ai/events/36342-usda-forecasts-steady-u-s-corn-and-soybean-supplies.md) | +2.0% | -1.2% |
| SOY | 2022-09-01 | [Conab forecasts increased soybean, corn, and cotton production in Brazil](https://feedsoft.ai/events/13701-conab-forecasts-increased-soybean-corn-and-cotton-production-in-brazil.md) | -2.5% | -6.4% |
| SOY | 2024-04-04 | [Corn and soybean prices extend losses on oversupply forecasts](https://feedsoft.ai/events/30757-corn-and-soybean-prices-extend-losses-on-oversupply-forecasts.md) | -1.5% | -2.2% |
| 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 | 2025-05-26 | [Datagro raises estimate for soybean and corn production 2024/25 - Revista Cultivar](https://feedsoft.ai/events/13497-datagro-raises-estimate-for-soybean-and-corn-production-2024-25-revista-cultivar.md) | -2.5% | -1.3% |
| SBM | 2022-09-01 | [Conab forecasts increased soybean, corn, and cotton production in Brazil](https://feedsoft.ai/events/13701-conab-forecasts-increased-soybean-corn-and-cotton-production-in-brazil.md) | -4.6% | -6.4% |
| SBM | 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) | -0.3% | +0.3% |
| SBM | 2025-05-26 | [Datagro raises estimate for soybean and corn production 2024/25 - Revista Cultivar](https://feedsoft.ai/events/13497-datagro-raises-estimate-for-soybean-and-corn-production-2024-25-revista-cultivar.md) | +0.2% | -4.6% |

## Sources

- infomoney.com.br: https://www.infomoney.com.br/mercados/mesmo-com-desafio-climatico-stonex-eleva-projecao-para-soja-algodao-e-milho/

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