
Brazil's Inmet agroclimatic bulletin for November to January projects below-average rain across much of the North and above-normal temperatures in large parts of the country. It warns of low soil water in soybean, corn and rice areas, especially in southeast Pará and Tocantins.
Dry, hot conditions in key early-season soybean and corn areas raise yield risk for the 2026/27 crop, which supports prices for feed grains and soymeal.
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.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 179 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% 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.