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El Niño-related drought and high temperatures have lowered water levels on the Madeira and Tapajós rivers, reducing cargo movement through Brazil’s Northern Arc export corridor. The Tapajós is operating at about 60% of cargo capacity, and Caramuru has had to adapt shipments of concentrated soy protein from its Itaituba terminal.
Reduced river capacity can constrain exports and raise the cost or delay the movement of soy-derived products, lending support to relevant export prices if the disruption persists.
linhanorte.com.brNov 6, 2026After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% 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.
