
Brazil shipped 108.4m tonnes of soybeans by sea in January–October 2026, up 7.9% year-on-year and 600,000 tonnes more than all of 2025. Customs data shows 106.5m tonnes exported through October, worth $46bn.
USDA projects 2026/27 exports of 118m tonnes.
Record Brazilian soybean shipments absorb export capacity and lift panamax and supramax freight demand, while strong China-bound flows support soybean prices. Projected larger exports next season point to firm demand for South American beans.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% 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.