
Soybean planting for Brazil's 2026/27 season gained pace in late October, according to Itaú BBA. Irregular rain and high temperatures in Mato Grosso are causing isolated replanting, and forecasts call for more rain into mid-November.
Faster planting lowers the risk of delays to second-crop corn and cotton. Weather risk remains, so the market view stays neutral.
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.