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Brazilian soybean prices were broadly steady, with the Paranaguá benchmark up 0.06% on November 9 to R$158.62 per 60-kilogram sack. Weak domestic and international demand for soybean meal and oil, along with Northern Hemisphere harvest supply, had weighed on prices, while weather uncertainty during Brazil’s 2026/27 planting season limited further declines.
Soft demand for meal and oil and increased global supply are bearish for the soybean complex, while planting-weather uncertainty provides a countervailing risk premium for soybeans. The net effect described is sideways soybean pricing in Brazil.
agrimidia.com.brAgrimídiaNov 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.
