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Brazilian soybean prices were broadly steady, with the Cepea/Esalq Paranaguá indicator up 0.06% on November 9 to R$158.62 per bag. Weak demand for soybean meal and oil and greater Northern Hemisphere availability weighed on prices, while concerns about dry spells, excessive moisture, and irregular rainfall across Brazilian growing regions limited declines.
Weak demand for soybean products and abundant competing supply are bearish for soybeans, but weather risks could threaten Brazil’s crop and provide price support. The result is a market with downside pressure partly offset by production uncertainty.
globorural.globo.comPaulo SantosNov 10, 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.
