Above-average temperatures and uneven rainfall are keeping soil moisture under pressure in Brazil’s Matopiba region as the 2026/27 soybean season begins. Inmet reported temperature anomalies of up to 3.6°C in Bahia and 3.2°C in Tocantins, while September and October rainfall has not sufficiently restored soil moisture.
Limited soil moisture and continued heat can delay planting and hinder crop establishment, tightening Brazil’s soybean supply outlook and supporting prices if conditions persist.
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.
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.