Soybean planting for Brazil’s 2026/27 crop reached 64% of the estimated area by November 5, up from 53% a week earlier, according to AgRural. Irregular rainfall is causing concern in parts of the Cerrado and Matopiba, while excessive rain, strong winds and hail are affecting some southern areas; summer corn planting in the Center-South reached 71%.
Uneven moisture and storm damage pose risks to establishment and crop development, which could lend support to soybean and corn prices if losses emerge.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.