Brazil's National Institute of Meteorology (Inmet) issued its agroclimatic forecast for November 2026 to January 2027. It expects above-average rain in much of the South and parts of the Southeast, while parts of the North and Northeast may see below-average totals, with temperatures likely above normal across most of the country.
Wet conditions in the South and Southeast support soybean, corn and coffee development but may delay the winter harvest and summer planting, and raise pest and disease pressure. Dryness in the North and Northeast could tighten local feed supply, a modest upward factor for corn and soybean meal prices.
After 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 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% 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.