# Soybean prices are moving sideways in Brazil, with weather and demand in focus

> 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.

- Date: 2026-11-10 · published 2026-11-10T12:05:17.216Z
- Category: weather · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/91580-soybean-prices-are-moving-sideways-in-brazil-with-weather-and-demand-in-focus
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-06-29 | [Soybean Production and Demand Are Up in the Air](https://feedsoft.ai/events/35544-soybean-production-and-demand-are-up-in-the-air.md) | +5.2% | +5.6% |
| SOY | 2025-12-29 | [Good rainfall in Brazil and dry weather in Argentina will be the main factors influencing prices in the coming weeks](https://feedsoft.ai/events/13823-good-rainfall-in-brazil-and-dry-weather-in-argentina-will-be-the-main-factors.md) | -1.1% | +0.8% |
| SOY | 2025-05-29 | [Tariff Tangles Ignored: Why Corn and Soybeans Are Sticking to Weather, Not Washington, for Price Direction](https://feedsoft.ai/events/24701-tariff-tangles-ignored-why-corn-and-soybeans-are-sticking-to-weather-not.md) | -0.3% | -2.5% |
| SOY | 2021-08-27 | [Potential Brazil corn and soybean production in 2021/22](https://feedsoft.ai/events/45432-potential-brazil-corn-and-soybean-production-in-2021-22.md) | -6.5% | -6.0% |
| SOY | 2023-04-06 | [Brazil: Rains at the end of March collaborated with the soybean crop in Rio Grande do Sul](https://feedsoft.ai/events/13657-brazil-rains-at-the-end-of-march-collaborated-with-the-soybean-crop-in-rio.md) | -0.7% | -4.1% |
| SBM | 2018-12-13 | [Brazil soybean update and U.S. weather outlook - Morning Ag Clips](https://feedsoft.ai/events/61420-brazil-soybean-update-and-u-s-weather-outlook-morning-ag-clips.md) | -1.0% | -0.1% |
| SBM | 2026-02-13 | [Weather favors Brazil’s soybean crop \| World Grain](https://feedsoft.ai/events/13448-weather-favors-brazil-s-soybean-crop-world-grain.md) | -0.0% | +6.9% |
| SBM | 2026-03-12 | [Brazil Crop, Midwest Weather Outlook for Soybeans](https://feedsoft.ai/events/13012-brazil-crop-midwest-weather-outlook-for-soybeans.md) | +0.6% | -0.7% |

## Sources

- globorural.globo.com: https://globorural.globo.com/cotacoes/noticia/2026/11/precos-da-soja-caminham-de-lado-no-brasil-com-foco-no-clima-e-demanda.ghtml

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.