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IBGE's first 2027 crop forecast projects Brazil's grain harvest at 346.6 million tonnes, down 2.6% year on year. Soybean output is projected at 173.9 million tonnes, down 0.6%, with strong El Niño effects and higher input costs cited as pressures.
A projected decline in Brazil's grain and soybean output tightens export availability, supporting soybean meal and corn prices if the El Niño impact materializes.
agenciadenoticias.ibge.gov.brNov 13, 2026After 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.
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.
