Loading…
Conab estimates Brazil's 2026/27 grain output at 367.1 million tonnes, including 181.6 million tonnes of soybeans and 148 million tonnes of corn. NOAA reports the Niño-3.4 index at 2.5 °C above average, with a greater than 79% chance the event stays strong into early 2027.
The outlook calls for above-average rain in the South and drought in the North and Northeast.
Drought risk in the North and Northeast could delay corn and bean output in MATOPIBA, while excess rain in the South threatens wheat harvest and soybean planting. Any shortfall would tighten feed grain and soymeal supplies and support prices.
boca.com.brGabriel RodriguesNov 13, 2026After 328 past neutral weather events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.7% 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.
