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Brazilian farmers had planted 42.8 percent of the projected 2026/27 national soybean area by October 29, up from 30.1 percent a week earlier, according to CONAB. Localized dry spells hit parts of Bahia while Paraná received heavy rain, and Chicago soybean futures came under pressure.
Faster Brazilian planting supports expectations of a large global soybean harvest, which weighs on Chicago soybean prices and the soybean meal complex that feeds livestock.
brznews.comCarlos MendesOct 31, 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.
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.
