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An interview with a cooperative technical coordinator in Rio Verde, Goiás, describes soybean planting for 2026/27, which is over 62% complete nationally, with Goiás at 62%. Forward sales of the new crop stand at 39.8%, a record volume largely driven by barter deals, and fertilizer purchases are slow.
Rapid planting and record forward sales point to ample Brazilian soybean supply later in the season, which is bearish for soybean meal. Slow fertilizer buying and a tight safrinha window could limit late-season corn and sorghum output.
rioverderural.com.brNov 4, 2026After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
Not enough comparable past events yet for a historical read.
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.
