# Strong demand supports soybeans and El Niño requires attention, says Hedgepoint

> Hedgepoint Global Markets says strong global soybean demand, driven by Chinese purchases, fast crushing and biofuel expansion, is limiting stock growth despite record crop estimates. Its base case puts Brazil's 2026/27 soybean crop at about 181.7 million tonnes, with upside to 184-185 million if weather stays regular. Brazilian exports have already exceeded 107 million tonnes through October.

- Date: 2026-11-12 · published 2026-11-13T00:12:51.302Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/96727-strong-demand-supports-soybeans-and-el-nino-requires-attention-says-hedgepoint
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Firm demand and tight projected stocks support international soybean and soymeal prices despite a large Brazilian crop. El Niño risk to Center-North weather is the main upside risk to supply.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Sources

- ruralnews.agr.br: https://ruralnews.agr.br/nacional/soja/demanda-firme-sustenta-soja-e-el-nino-exige-atencao-diz-hedgepoint

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.