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Weaker demand from buyers already stocked for the medium and long term has pressured soybean meal and oil prices and reduced processors’ crushing margins. Lower derivative demand and greater Northern Hemisphere soybean availability have also weighed on bean prices, while concerns about irregular or excessive rainfall and dry spells in Brazilian growing regions have limited declines.
Reduced meal and oil buying weakens product values and crush incentives, putting downward pressure on soybean prices. Weather risks in Brazil could constrain crop prospects and cushion that bearish pressure.
canalrural.com.brHildeberto Jr.Nov 9, 2026After 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 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.
