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Weak demand for soybean meal and oil, along with greater northern-hemisphere supply, has pressured Brazilian soybean prices and reduced processors’ crushing margins. Irregular rainfall in Brazil’s main growing regions has limited further declines in the soybean market.
Weather concerns may support soybean prices if they threaten production, but soft demand for meal and oil and ample global soybean availability exert downward pressure on the complex.
band.com.brViviane TaguchiNov 9, 2026After 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 118 past bearish weather events, Soybean Meal moved a median -0.8% over 5 sessions (35% higher; middle half -3.2% to +0.4%), and -1.6% over 20.
After 49 past bearish weather events, Soybean Oil moved a median -0.5% over 5 sessions (43% higher; middle half -3.2% to +1.0%), 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.
