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Conab released its second survey of the 2026/27 grain crop, estimating total national output at 366.1 million tonnes, down from 367.1 million in the first projection last month. Conab lowered forecasts for rice and wheat, while planted area rises 1.9 million hectares to 85.3 million, though average yield falls 1% to 4,290 kg/ha.
Soybean output is projected at 181.6 million tonnes on 49.3 million hectares, with planting 66.8% complete and irregular rains and El Niño heat keeping the sector cautious.
A slightly smaller Brazilian crop, with El Niño-driven rain irregularity threatening soybean and corn yields, tightens the export outlook for soybeans and meal used in feed. Lower wheat and rice estimates add modest support to those feed-grain substitutes.
band.com.brViviane TaguchiNov 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.
