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Conab lowered its 2026/27 Brazilian grain crop estimate to 366.1 million tonnes from 367.1 million in October. Soybean (181.6 Mt) and corn (148 Mt) forecasts were unchanged, and the cut came from rice and wheat.
Rice output is now seen at 10.5 Mt, down 4.7% year on year, after heavy rain in Rio Grande do Sul.
Lower rice and wheat output tightens domestic supply and supports prices for those grains, while soybean and corn balances are unchanged. The cut is small, so the effect on world prices is limited.
globorural.globo.comDanton Boatini JúniorNov 13, 2026After 88 past bullish report events, Rough Rice moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +2.1%), and +2.5% 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.
