Soybean planting for the 2026/27 crop accelerated in the second half of October across Brazil's main producing regions, according to Itaú BBA. Irregular rainfall and high temperatures remain concerns, especially in Mato Grosso, where soil moisture is falling and some replanting has been reported.
Faster planting reduces the risk of a delayed crop calendar, which supports expectations for Brazilian soybean supply and soybean meal exports. Persistent dryness in the Center-West, however, could cap yields and firm meal prices if it worsens.
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 55 past neutral weather events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -1.7% to +1.5%), and +0.1% 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.