Conab data show Brazil's 2026/27 soybean planting reached 67% of the projected area as of November 6, above the five-season average of 62.7% for the same date. Mato Grosso led at 95.6% planted, while Rio Grande do Sul was at 23%.
Domestic soybean prices recovered in the second week of November, and early-month exports rose 37.3% in daily average versus November 2025.
Faster planting reduces weather risk to the new crop and keeps export supply on schedule, while firmer international prices and a stronger dollar support Brazilian soybean and meal values for feed buyers.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% 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.