
Mato Grosso had planted 96.07% of its 2026/27 soybean area by November 6, ahead of last year and the five-year average. The rapid progress comes amid severe dryness: the state recorded 186 millimeters of rain from September 1 to October 27, 33% below the historical average, and some early-planted fields are already experiencing moisture stress.
Dry conditions during crop establishment and reproductive development could threaten yields in key producing areas, creating a bullish risk for soybean supply and prices if rain deficits 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.