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The November outlook described mostly dry or drought-affected soil conditions across northern Brazil, with rain forecast to spread into parts of Brazil, Paraguay and Uruguay. In Australia, soil moisture was very dry in areas near the eastern, southeastern and southwestern coasts, while central Australia and much of inland Western Australia were wetter.
Forecast rain could improve Brazilian crop prospects and ease weather-related supply concerns, while persistent Australian dryness could threaten crop yields. The report gives no crop-specific production estimates, so the price implications are limited and uncertain.
climateimpactcompany.comScott YuknisNov 8, 2026After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% over 20.
After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% over 20.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% 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.
