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Drought and high temperatures have lowered water levels on Brazil’s Madeira and Tapajós rivers, reducing barge loading capacity on routes serving Northern Arc ports. Tapajós operations were running at about 60% of cargo capacity, and Caramuru adjusted shipments of concentrated soy protein from its Itaituba terminal.
Reduced river capacity constrains the movement of grain and soy products to export terminals, potentially raising logistics costs and supporting Brazilian export prices if the disruption persists.
valorinternational.globo.comNayara Figueiredo, Clarice CoutoNov 9, 2026After 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 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% 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.
