
ANEC's week 44 report projects Brazilian corn exports of 7.21 million tonnes in November 2026, up 21.9% year on year. Soybean exports are forecast at 4.37 million tonnes, up 3.3%, and soybean meal at 2.57 million tonnes, up 13.8%.
China takes 71% of Brazil's soybean shipments from January to October 2026.
Strong Brazilian corn and meal export pace adds supply to world markets and can weigh on US corn and soybean meal prices. Heavy China dependence means Chinese buying pace is a key price driver for Brazilian soybeans.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.
Not enough comparable past events yet for a historical read.
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.